Axa managers move across to AMP
A number of Axa’s senior financial advice managers will be transferring to AMP at the end of the month after the Supreme Court approved the merger last week.
Axa’s Chief Actuary and CRO Mike Thornton will become the Director Group Risk Management in the merged company. He will report to AMP CFO Paul Learning.
A number of Axa financial adviser managers will also transferred to the new merged company on March 31.
The Chairman of dealer group Ipac, Arun Abey, will continue in his current role, but he will relinquish his role as Group Manager Strategy.
Ipac CEO Neil Swindells remains in his current role and will now report to AMP Financial Services MD Craig Meller.
This AMP division will be responsible for both company’s life insurance, superannuation and financial adviser businesses.
As a result Axa GM Product Ian Campbell and GM Financial Advice Networks Andrew Waddell will also join the new merged business.
AMP has also confirmed its will continue to develop Axa’s North adviser platform and its products, which will continue to be offered to both aligned and non-aligned advisers.
“We have looked closely at both the North platform and products and have been impressed by what we have seen,” Mr Meller said.
Axa has now been delisted from the Australian Securities Exchange and the merged company will trade from March 31 as AMP.