A senior sales strategist within the AMP network in Queensland will leave the company following a restructure of the business development functions.
An AMP spokesperson has confirmed to ifa that Ivor Kay, head of sales for Queensland, will leave after six years with AMP.
Mr Kay joined AXA in 2006 ahead of its acquisition by AMP and has been involved in managing the company's aligned adviser- and IFA-facing business development managers across the state.
His imminent departure follows the news, first reported by ifa, that AMP is splitting its BDM functions along product lines, with separate sales representatives for the investments and insurance businesses to emerge following the restructure.
“We’re creating specialist roles aligned to our wealth management and insurance businesses, and bringing our broker and adviser bank sales teams together,” an AMP spokesperson told ifa in November.
“In a market with increasingly differentiated offers, this will allow the teams to develop a deeper knowledge of their respective product areas and better support advisers and brokers.”
The restructure comes amid speculation that AMP is seeking a purchaser for its life insurance subisidiary.
SUBSCRIBE TO THE IFA DAILY BULLETIN
News
- 21 Aug 2018Government releases 2018 financial literacy strategyBy Killian Plastow
- 21 Aug 2018Product design laws could ‘undermine’ FOFABy Tim Stewart
- 20 Aug 2018Carve-outs must be addressed before commissions: AIOFPBy Reporter
- 20 Aug 2018Professional year an opportunity for exiting advisersBy Reporter
- 20 Aug 2018IOOF creates new executive advice roleBy Reporter
- 20 Aug 2018RBA attacks ‘sales’ culture within financial servicesBy Reporter
- view all
