AMP Chairman Catherine Brenner has stepped down from the board.
Ms Brenner said: “I am honoured to have been chairman of AMP. I am deeply disappointed by the issues at hand and am particularly concerned for the impact they have had on our customers, employees, advisers and shareholders.
“As chairman, I am accountable for governance. I have always sought to act in the best interests of the company and have been in discussions with the board about the most appropriate course of action, including my resignation.
“The board has now accepted my resignation as chairman as a step towards restoring the trust and confidence in AMP.”
Mike Wilkins will lead AMP as executive chairman for an interim period.
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Annie Kane
Author
Annie Kane is the managing editor of Momentum's mortgages titles: The Adviser and Mortgage Business.
As well as writing about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser Live webcasts.
Annie has a degree in English Literature and Music from the University of Sheffield and is a Mental Health First Aider (MHFAider®).
Email Annie at:This email address is being protected from spambots. You need JavaScript enabled to view it.