AMP Management

Management criteria checks 3/4

AMP's CEO is Alexis George, appointed in Aug 2021, has a tenure of 3.25 years. total yearly compensation is A$4.01M, comprised of 41.6% salary and 58.4% bonuses, including company stock and options. directly owns 0.077% of the company’s shares, worth €1.87M. The average tenure of the management team and the board of directors is 2.8 years and 3.3 years respectively.

Key information

Alexis George

Chief executive officer

AU$4.0m

Total compensation

CEO salary percentage	41.6%
CEO tenure	3.3yrs
CEO ownership	0.08%
Management average tenure	2.8yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Alexis George's remuneration changed compared to AMP's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	AU$70m
Mar 31 2024	n/a	n/a	AU$45m
Dec 31 2023	AU$4m	AU$2m	AU$19m
Jun 30 2023	n/a	n/a	-AU$41m
Mar 31 2023	n/a	n/a	-AU$20m
Dec 31 2022	AU$4m	AU$2m	AU$1m
Sep 30 2022	n/a	n/a	-AU$150m
Jun 30 2022	n/a	n/a	-AU$292m
Mar 31 2022	n/a	n/a	-AU$285m
Dec 31 2021	AU$3m	AU$711k	-AU$279m

Compensation vs Market: Alexis's total compensation ($USD2.61M) is above average for companies of similar size in the German market ($USD1.90M).

Compensation vs Earnings: Alexis's compensation has been consistent with company performance over the past year.

CEO

Alexis George (60 yo)

3.3yrs

Tenure

AU$4,010,000

Compensation

Ms. Alexis Ann George, B.Com. & F.C.A., GAICD, has been Chief Executive Officer of AMP Limited since August 2, 2021 and has been its Managing Director and Director since August 11, 2021. She is Chief Execu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alexis George	CEO, MD & Executive Director	3.3yrs	AU$4.01m	0.077% € 1.9m
Blair Vernon	CFO & Group Executive of Transformation	1.3yrs	AU$1.53m	0.013% € 326.4k
Nicola Rimmer-Hollyman	Chief Risk Officer	2.8yrs	AU$1.03m	0.00044% € 10.7k
Anna Shelley	Chief Investment Officer	3.3yrs	no data	no data
Kavita Mistry	Chief Technology Officer	less than a year	no data	no data
Richard Nelson	Head of Investor Relations	no data	no data	no data
David Cullen	Group General Counsel & Company Secretary	6.5yrs	AU$668.00k	no data
Rebecca Nash	Chief People	1.8yrs	AU$446.00k	no data
Michael Gray	Head of Investments of New Zealand	3.6yrs	no data	no data
Matthew Lawler	Managing Director of Advice	3.3yrs	no data	no data
Stuart Eliot	Head of Portfolio Management	2.8yrs	no data	no data
Estelle Liu	Head of Retirement Solutions	less than a year	no data	no data

2.8yrs

Average Tenure

Experienced Management: AMP's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alexis George	CEO, MD & Executive Director	3.3yrs	AU$4.01m	0.077% € 1.9m
Andrew Best	Independent Non-Executive Director	2.3yrs	AU$244.00k	0.0078% € 190.1k
Michael Hirst	Independent Non-Executive Chairman	3.3yrs	AU$283.00k	0.0079% € 192.3k
Michael Sammells	Independent Non-Executive Director	4.7yrs	AU$286.00k	0.0067% € 163.3k
Kathleen Bailey-Lord	Independent Non-Executive Director	less than a year	no data	0.0011% € 26.0k
Andrea Slattery	Independent Non-Executive Director	5.8yrs	AU$280.00k	0.0080% € 195.9k
Anna Leibel	Independent Non-Executive Director	less than a year	no data	no data
Rahoul Chowdry	Independent Non-Executive Director	4.8yrs	AU$272.00k	0.0040% € 96.1k

3.3yrs

Average Tenure

Experienced Board: AMP's board of directors are considered experienced (3.3 years average tenure).

AMP Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

AMP Limited, Annual General Meeting, Apr 12, 2024

AMP Bank Limited and AMP Limited Announces Board Changes

Amp Announces Appointment of Kavita Mistry as Chief Technology Officer and Member of the Executive Committee

AMP Appoints Melinda Howes as Group Executive Superannuation and Investments and Member of Group Executive Committee

AMP Limited Announces Resignation of Felicia Trewin as Chief Technology Officer

Recent updates

AMP Reportedly May Look to Do Deal with Insignia Once Business Settles Down

AMP Limited to Report Fiscal Year 2024 Results on Feb 13, 2025

Now 21% overvalued after recent price rise

First half dividend of AU$0.02 announced

First half 2024 earnings released

Amp Limited Declares Interim Dividend, Payable on September 27, 2024

Now 22% overvalued after recent price rise

Upcoming dividend of AU$0.02 per share

Now 20% overvalued after recent price rise

Final dividend of AU$0.02 announced

New minor risk - Share price stability

Full year 2023 earnings released: EPS: AU$0.007 (vs AU$0 in FY 2022)

AMP Limited (ASX:AMP) announces an Equity Buyback for AUD 295 million worth of its shares.

High number of new directors

AMP Limited to Report First Half, 2024 Results on Aug 08, 2024

AMP Limited to Report Q2, 2024 Results on Aug 08, 2024

AMP Limited, Annual General Meeting, Apr 12, 2024

AMP Bank Limited and AMP Limited Announces Board Changes

Amp Announces Appointment of Kavita Mistry as Chief Technology Officer and Member of the Executive Committee

AMP Announces Settlement of Buyer of Last Resort Class Action Proceedings

AMP Announces Settlement of Buyer of Last Resort Class Action Proceedings

AMP Appoints Melinda Howes as Group Executive Superannuation and Investments and Member of Group Executive Committee

AMP Limited Announces Resignation of Felicia Trewin as Chief Technology Officer

A private management group led by Matthew Rowe, Brad Ackermann and Andrew Row along with Pemba Capital Partners Pty Limited entered into an agreement to acquire SuperConcepts Pty Ltd from AMP Limited (ASX:AMP) for AUD 8 million.

AMP Limited Announces Chief Financial Officer Changes

AMP Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2022, Payable on April 3, 2023

AMP Limited to Report First Half, 2023 Results on Aug 10, 2023

AMP Limited to Report Fiscal Year 2022 Results on Feb 16, 2023

AMP Limited Announces Chief Financial Officer Changes

AMP Reportedly in Box Seat with Westpac Wealth Unit Offer

AMP Limited Announces Resignation of Michael Hirst as Director

AMP Limited Declares Quarterly Dividend for the Period Ending September 15, 2022, Payable on September 16, 2022

Amp Limited Sponsored ADR to Be Deleted from Other OTC

Macquarie Reportedly Out of Westpac Race

Resolution Life Group Holdings LP completed the acquisition of remaining 19.13% stake in Resolution Life NOHC Pty Limited (RLA) from AMP Limited (ASX:AMP) for approximately AUD 520 million.

AMP Limited Appoints Andrew Best as an Independent, Non-Executive Director, Effective 1 July 2022

Amp Limited Estimates Ordinary Distribution of CAP NOTE 3-BBSW+4.50% PERP NON-CUM RED T-12-25 for the Quarter Ending September 15, 2022, Payable September 16, 2022

Amp Limited Announces Ordinary Distribution of Cap Note 3-Bbsw+4.50% Perp Non-Cum Red T-12-25 for the Quarter Ending June 15,2022, Payable June 16,2022

Westpac Banking Corporation Reportedly Takes Receipt of Indicative Bids for Its Investment Platform Business

Dexus Confirms Discussions with AMP

AMP Confirms in Talks to Sell Investment Management Unit with Multiple Parties, Including Dexus

Cromwell Property Reportedly in Talks with AMP to Buy Collimate

AMP Limited Announces John O'Sullivan Steps Down from the Board, Effective April 8, 2022

Amp Limited Announces Changes to Company Secretary

AMP Limited to Report Fiscal Year 2021 Results on Mar 08, 2022

Blackstone Reportedly Looks At AMP Capital

John O'Sullivan Announces Not to Stand for Re-Election to the Board of AMP Limited and AMP Bank

AMP Confirms Sole Listing on ASX

AMP Announces Delisting from the NZX Main Board

Westpac Banking Corporation (ASX:WBC) agreed to acquire MoneyBrilliant Pty Ltd from AMP Limited (ASX:AMP) and Peter Lalor.

First half 2021 earnings released: EPS AU$0.043 (vs AU$0.023 in 1H 2020)

Chief Investment Officer Debbie Alliston has left the company

CEO, MD & Executive Director Francesco De Ferrari has left the company

Independent & Non-Executive Chairman recently bought €63k worth of stock

Independent Non-Executive Director recently bought €42k worth of stock

BlackRock Reportedly Eyes AMP Equities

Amp Limited Resolves Not to Declare a Final Full Year Dividend

ARES Intends to Buy 60% of Amp's Asset Management Arm's Private Markets Business

AMP Limited and Ares Management Corporation Announce Intention to Pursue JV Partnership

Ares Management Abandons Bid for AMP Limited

Ares Management Corporation (NYSE:ARES) cancelled the acquisition of AMP Limited (ASX:AMP).

AMP Limited, Annual General Meeting, Apr 30, 2021

New 90-day high: €1.11

AMP Limited Appoints Kathryn Mckenzie as an Independent, Non-Executive Director, Effective 18 November 2020

Ares Reportedly in AMP Buyout Talks

New 90-day low: €0.77

Vicinity Reportedly Added to Suitors for AMP Property Units

New 90-day low: €0.81

Earnings released