AMP Bank appoints new boss

AMP has appointed Sally Bruce as managing director AMP Bank, reporting to group executive advice and banking Rob Caprioli.

Ms Bruce will have overall responsibility for all areas of AMP Bank, including its range of savings and transaction accounts, home loan products, strategy, marketing and distribution.

Ms Bruce joins AMP from National Australia Bank where she was most recently CFO of business and personal banking.

“Sally’s extensive knowledge of retail banking and expertise across financial services makes her an ideal choice to lead AMP Bank,” Mr Caprioli said.

“AMP Bank is an important part of AMP’s overall offer and a key contributor to our customer-focused strategy. Sally’s experience and track record in consumer finance will be invaluable in continuing this momentum.”

Ms Bruce was appointed following an extensive search. Her appointment is effective 31 August.

Ms Bruce will succeed Michael Lawrence as managing director, following a decision by Mr Lawrence at the beginning of this year to leave the business.

“Michael has been instrumental in building AMP Bank into an important contributor to the overall AMP business. I’d like to thank him for his outstanding leadership and his enormous contribution to the bank’s ongoing success,” Mr Caprioli said.

Ms Bruce has more than 25 years’ experience in banking and financial services.

In her five years at NAB she held a number of senior executive positions including acting executive general manager consumer product solutions and general manager, mortgages, Australia.

Ms Bruce had an extensive career with Macquarie Group including several leadership roles in their banking divisions.

She has a Bachelor of Commerce, a Master of Applied Finance and a Diploma from the Australian Institute of Company Directors.