AMP’s hire of ‘change agent’ CEO sparks skepticism
Bringing in a European with a record of turning around businesses at the top may not solve the Australian investment and insurance group's credibility problem, say industry observers.
The challenge of rebuilding the reputation of Australian financial services giant AMP, following a series of damaging revelations, has fallen to a private banking veteran, Francesco De Ferrari.
De Ferrari will become chief executive of AMP effective December 1, after 17 years at Credit Suisse, where he was most recently chief executive officer for Southeast Asia and frontier markets and head of private banking in Asia Pacific. The Swiss bank has reshuffled its regional management …
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