Significant change in the corporate superannuation environment has led AMP Financial Services to beef up its corporate super business with a number of new hires.
AMP director corporate super Libby Roy has appointed six new directorships to beef up its leadership team including Illaine Anderson, who will focus on account management; Warwick Angus on corporate development; Angus Bishop on field effectiveness; Hilary Inglis on corporate super investments; Maria Loyez on value proposition; and Justin Morgan on its SME adviser business.
The group will be responsible for providing tailored support to AMP FS's clients, relationship management and maintaining a strong investment offering.
Roy said changes to corporate super increased the need for a strong team to service its employer groups, advisers and customer.
"Along with the introduction of MySuper, changing customer behaviour and technological change are driving a shift in this sector," she said.
"This presents opportunities to look at new ways of doing business while at the same time maintaining our focus on delivering an attractive corporate superannuation offer for both new and existing customers."
AMP announced it would launch its MySuper offering from 1 January next year to its SignatureSuper clients, which are mainly small to medium businesses.
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A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.