AMP new boss overhauls executive team

AMP, under its new chief executive, has rejigged the leadership team that now includes the appointment of a new chief operating officer, and human resources and finance leads.

Rob Jarrett was promoted to the role of chief operating officer in May, finishing up as a director of strategic partnering, sourcing and property.

Jarrett has been with AMP for the last five years and previously worked in senior roles at Westpac's institutional bank division and Macquarie Bank.

AMP has appointed Jackie Cleary as its new chief financial officer, hailing from investment bank Jeffries Australia where she spent nearly five years as managing director and head of financial institutions. She is officially set to join on July 20.

Cleary will lead all financial activities at AMP, including responsibilities for financial control, statutory and regulatory reporting, performance reporting, tax and corporate strategy.

Before that, she was a managing director at Bank of America Merrill Lynch in the financial institutions group based in New York for 14 years and worked at Westpac.

She will replace Blair Vernon, whose role as chief executive of the ASX-listed wealth manager took effect on March 30, when incumbent Alexis George stepped down.

Vernon commented: "Jackie brings significant experience in capital management and financial services and will have a key role to play as we continue to optimise our balance sheet and redirect capital towards growth, all while maintaining our disciplined operating efficiency."

Adrian Ryan, who is the director of group finance and wealth, took on the role as acting chief financial officer prior to the appointment of a permanent candidate.

In the new-look executive team, Rebecca McDermott is now chief people officer, promoted to the role this month after serving as director of talent and leadership for more than five years. She also oversees the AMP Foundation.

McDermott previously held senior human resource roles at Bloomberg in Hong Kong and spent more than six years at QBE Insurance based in Sydney.

Chief marketing officer Tina Cleary, who took on the role in January 2025, was promoted to the AMP executive team.