Banking News

AMP names new chairman

AMP names new chairman

(17 June 2005 – Australia) Financial services company AMP has announced that experienced investment banker Peter Mason will take over as chairman when incumbent Peter Willcox ends his tenure next September. Mason joined the AMP board in October 2003 to help the company extricate itself from its doomed UK venture, overseeing the demerger of what became HHG.

Willcox announced he was stepping down at AMP’s annual general meeting in May.

"The business is now stable and performing well and I am delighted the directors have quickly agreed on a new chairman to lead the board in its next phase," he said.

Before joining AMP, Mason was chairman and joint chief executive of Ord Minnett which was purchased by JPMorgan. He also worked at Lloyds in the UK and Schroders.
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