AMP names new Chair

Catherine Brenner has been elected chair of the AMP Limited board, effective 24 June 2016.

Brenner joined the board in 2010 and was until recently the chair of AMP Life and NMLA. She also holds directorships with Boral and Coca-Cola Amatil and was formerly a senior investment banker and corporate lawyer.

Commenting on her appointment, Brenner said: "The board and management team remain focused on the delivery of AMP's strategy - transforming its core Australian business to be more customer centred, continuing its focus on efficiency and agility and capitalising on its investment strengths and capability to grow internationally."

She added: "We have a highly skilled board but expect to make additional appointments to further strengthen our collective background, perspective and experience against the strategy."

Brenner replaces interim chair John Palmer, who had postponed his retirement to oversee the appointment and transition to a new chair after Simon McKeon's departure in May 2016.