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AMP ( (AU:AMP) ) has issued an update.
AMP Limited has appointed current Chief Financial Officer Blair Vernon as its new Group Chief Executive Officer, effective following the retirement of incumbent CEO Alexis George on 30 March 2026, after a five-year tenure marked by significant transformation and growth. The board highlighted Vernon’s central role in tightening financial management, steering the capital return program and executing key divestments, including the separation of AMP Capital and the sale of the AMP Advice business, positioning him to ensure continuity of strategy and maintain the company’s positive operational momentum. The leadership transition underscores AMP’s intent to build on the simplified, customer-centric platform established under George’s tenure, with a focus on delivering stronger performance for customers, shareholders and other stakeholders, while the company commences a process to recruit a new Chief Financial Officer.
The most recent analyst rating on (AU:AMP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
More about AMP
AMP Limited is a diversified financial services provider operating in Australia and New Zealand, offering wealth management, banking and retirement solutions with a focus on helping customers retire with confidence. The company has recently streamlined its operations through the divestment of AMP Capital and its Advice business, repositioning itself as a simpler, customer-focused and growth-oriented organisation within the regional financial services market.
Average Trading Volume: 4,918,890
Technical Sentiment Signal: Buy
Current Market Cap: A$4.6B
For an in-depth examination of AMP stock, go to TipRanks’ Overview page.