AMP has announced the appointment of a group whistleblowing officer as part of a $100 million investment into its risk, governance and controls.
AMP Limited this week announced the appointment of Anne-Marie Paterson as its “group whistleblowing officer”.
Ms Paterson is a senior legal practitioner who has joined AMP from CBA where she was the executive manager and whistleblower investigation officer. At AMP she is responsible for leading whistleblower awareness, training and investigations across the business.
AMP chief risk officer Jenny Fagg said the appointment of Ms Paterson is the latest initiative to improve risk management and governance across AMP.
“Risk has been placed at the core of AMP’s culture and further enhancing risk management, governance and compliance continues to be a key initiative under AMP’s new strategy,” she said.
“We have appointed Anne-Marie Paterson as our group whistleblowing officer in recognition of how seriously we take whistleblowing and to help people feel comfortable speaking up.
“We have also made significant progress to overhaul our governance and organisational structures to create better independence and oversight of issues. Our activity has focused on improving policies, processes and systems and increasing the use of technology to create efficiencies.”
AMP said it has delivered several major initiatives to improve risk management, including:
Ms Fagg said, “We are delivering on our mandate to improve the way we manage risk across AMP. Our stakeholders, including our customers, expect us to manage our risk effectively and the commercial return on doing so is profound.”
An advice industry body has said its members are split on the FPA’s proposal t...
The coronavirus pandemic is likely to drive an increase in M&A activity amon...
The COVID-19 crisis has had a largely positive effect on advice businesses throu...