UPDATE 3-Australia s AMP hires ANZ s Alexis George as CEO in drive to break with troubled past 10 Apr 2021 / 08:59 H.
(Recasts throughout with background, adds analyst comment)
April 1 (Reuters) - Embattled Australian wealth manager AMP Ltd on Thursday named Australia and New Zealand Banking Group deputy chief Alexis George as its new chief executive officer, saying Francesco De Ferrari would retire from the role.
The move comes just days after AMP firmly rejected a media report that De Ferrari had resigned. It was welcomed by analysts and investors as a signal of a new willingness by AMP to distance itself from a three-year period marked by corporate culture questions and scathing regulatory criticism that saw it lose three-quarters of its market value.
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