Luke Symons has joined AMP as director, channel performance and growth as the company looks to “rebuild” following the reputational damage of the royal commission.
In a statement, AMP described the new position as a “key strategic role” that is responsible for “strengthening AMP’s advice network and the professional delivery of financial advice”.
Mr Symons has held a number led national teams at ANZ in banking and advice, and he has also founded advisory and fintech businesses.
AMP acting group executive for advice, David Akers, said Mr Symons’ background in digital and strategic development “covers many areas that are priorities for our business”.
“He also understands small businesses and how to partner with them to help them grow sustainably, which is a boost for the hundreds of advice practices in our aligned advice network,” Mr Akers said.
Mr Symons said, “AMP has a proud history and I am proud to be part of it. Despite recent challenges, I believe the company will continue to make a valuable contribution to customers’ lives and lead the way in building a sustainable and strong future for financial advice.”
Looking forward to the AMP being shut down by ASIC, without notice, with no further advice, and all ARs offboarded within 28 days.
This is the the new ASIC standard, isn’t it?
Looking at LinkedIn he was one of those banking guys elevated to run a wealth business for a short time, got an EU then sent back to banking not as easy as they thought !! Yes very little wealth experience now at AMP directing others , new breed they say what a joke!!
Neither Mr Symons nor Mr Akers appear to have any superannuation or FP qualifications or any advice experience as an AFSL Representative (LI profiles viewed 01/08/18). So they are perfect for each other and AMP! I am sure the network of 2,500+ Advisers in the Group will be impressed.
Just spent 30 minutes plus on hold with AMP for the last 3 days on their advisers help line then hung up . he could perhaps look at a ” strategic ” into the service levels to support planners first up . maybe even look to cut out the Volume bonus ( I mean marketing allowance ) as well ?
if ive got the fella right think he ran ANZ FP when they go an EU !! So probably good company then at AMP. Maybe some due diligence would have been in order, anyhows what would I know.
OldTimer,
Understand where you are coming from, but what’s happened to:
* Anthony ”Jack Regan”, I thought he was back at the helm, maybe he is preparing for the Royal Commission hearing on Monday! Is he heading up the AMP capitulation?
* The best person for the senior role at AMP, so long as it is, or identifies, as female? Funny how in a time of crisis all the warm and fuzzy useless try-hard stuff gets thrown off the level 25 balcony?
Wait till next weeks disasters.
Enjoy the weekend.
Regan is on extended leave, as is Guggenheimer both as reported in the press. Paid leave I wonder?
When the goings get tough, the tough get….. go on stress leave.
Goodness me:
Both paid (and they aren’t the only two!)
Phenomenal! Just too many Clowns at that Circus. It will all be over soon enough.
How is strengthening advice going to reduce the past impact and future risk of corporate governance failures and corporate malfeasance?
Agreed
I think it is important to note that AMPs deflection in the words “the reputational damage of the Royal Commission” is just spin from some consultant.
The reputational damage was caused by the behaviour and the hubris of past executive management and the board.