AMP CEO appointed to FSC board

The chief executive of non-major bank AMP Bank, Alexis George, and the chief executive of BT Financial Group, Matt Rady, have been appointed to the Financial Services Council (FSC) board.

Ms George carries over 30 years of financial services industry experience both domestically and internationally.

Along with being AMP’s CEO, Ms George spent seven years with major bank ANZ, having held roles such as deputy CEO, where she drove group-wide strategic initiatives and was responsible for its shared service centres and banking services.

Before her tenure with ANZ, Ms George held senior roles with ING Group for a decade, being responsible for banking, insurance, funds management, product, marketing, technology and operations.

On her appointment, Ms George said: “Joining the FSC board is an opportunity to represent AMP’s customers and to ensure our industry, regulators and government are working together to achieve the best possible financial outcomes for all Australians.”

Her appointee, Mr Rady, also holds more than 30 years in the financial services and wealth industries with executive roles in companies such as Macquarie Group and financial services tech company IRESS.

Prior to his position with BT Financial, Mr Rady held the role of CEO at Allianz Retire+.

Mr Rady has led BT Financial Group through a period of change since his appointment to the chief executive role in 2021 and leads the group’s platforms – Asgard and BT Panorama – along with the main lending business.

Mr Rady said: “I am delighted to be joining the FSC board and am looking forward to working with my fellow directors to support reforms that shape the future of financial services in Australia.”

David Bryant, chairman of the FSC, commented on the dual appointment: “Alexis and Matt are senior industry leaders that bring to the board extensive financial services industry experience that will further strengthen the FSC’s advocacy for the industry and its consumers on key policy and regulatory issues.

“Alexis and Matt share the FSC’s commitment to a more competitive, efficient and consumer-focused financial services sector that delivers high-quality service, financial advice and wealth products for Australian consumers.”

ASIC commissioners appointed by Treasury

Federal Treasurer Jim Chalmers recently confirmed three new commissioners for the Australian Securities and Investments Commission (ASIC): CHOICE chief executive Alan Kirkland, Commonwealth Bank (CBA) chief risk officer for institutional banking, markets, and treasury Simone Constant, and Treasury’s first assistant secretary Katherine O’Rourke.

[RELATED: Rate cuts could come by March 2024, say AMP, CBA]

Adrian Suljanovic is a journalist at Broker Daily with more than two years experience reporting on all facets of the third party distribution channel.

Adrian has written for a range of business and finance titles including IFA, Investor Daily and Lawyer’s Weekly before joining the mortgages team in 2022.

He graduated from the University of Wollongong in 2021 gaining a Bachelor of Communication & Media with a major in Digital & Social Media.

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