CBA appoints AMP exec to run dealer groups

CBA has announced it has appointed an AMP executive to head up two of its dealer groups.

Hugh Humphrey has been named general manager of bank financial planning. Starting in February, he will be responsible for licensees Commonwealth Financial Planning and BW Financial Advice.

In a statement, CBA said Mr Humphrey joins from AMP, where he is currently director of strategy and transformation. Previously, he was managing director of Hillross Financial Services.

Marianne Perkovic, CBA executive general manager for wealth management advice, said, "Hugh has more than 15 years' experience in the financial services and telecommunications industries with a strong track record in leading transformational programs for both retail customers and financial advisers.

"Hugh has demonstrated great success developing market-leading digital advice technology and we look forward to having an innovative and people-minded leader join the team."

Prior to joining AMP, Mr Humphrey held several senior management positions in the telecommunications industry with Singtel Optus and Vodafone, the statement said. He holds a bachelor of commerce degree from the University of Sydney, and an MBA from the Henley Business School in the UK.

CBA also said it has appointed its first independent chair to the Boards of Commonwealth Bank Advice Companies, which include Commonwealth Financial Planning Limited, BW Financial Advice Limited, Financial Wisdom Limited and Count Financial.

Anne Templeman-Jones will replace CBA's wealth management group executive Annabel Spring as chair of the board. Ms Spring will continue to serve as director, the bank said.

As chair, Ms Templeman-Jones will work with existing executive directors to contribute to the development of "strategy and monitoring of management, risk and compliance activities" for CBA's wealth management financial advice businesses, the statement said.

Ms Templeman-Jones brings to the role 25 years' experience working in senior management and board roles across financial services organisations. She has advised other large companies, including Westpac, ANZ and Bank of New Zealand, according to the statement.

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