AMP announces changes to company secretary

AMP has confirmed that Kate Gordon – the wealth giant’s head of corporate governance – has been appointed company secretary effective last Friday, 4 March.

Ms Gordon first joined the company in June 2020 as its senior company secretary and senior legal counsel and previously worked at Henry Davis York (now Norton Rose Fulbright) and HWL Ebsworth Lawyers.

AMP’s group general counsel since May 2018, David Cullen, has also been appointed as company secretary.

Mr Cullen has previously served as AMP’s group company secretary and general counsel, governance.

Ms Gordon and Mr Cullen will take over the position from Marissa Bendyk who stepped down on Friday.

The news comes after AMP Wealth reported a $252 million loss for the full 2021 financial year.

Australian Wealth Management’s (AWM) underlying net profit after tax was $48 million, down from $64 million a year earlier, on the back of hefty losses in advice as it continued its transformation.

Namely, the underlying full-year loss of AWM’s advice division stood at $146 million, driven by a decline in revenue due to the cessation of grandfathered remuneration and an advice network reshape.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.