Sydney, Australia - March 3, 2014, Sydney, Australia - AMP Limited, a financial company, announced that Peter Mason AM will retire after eight years as chairman and more than 10 years as a director, at the upcoming AGM.
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Mr. Mason was appointed to the AMP Limited Board in October 2003 and assumed the role of Chairman in September 2005. He was appointed as a member of the People and Remuneration Committee in December 2003 and joined the Nomination Committee in July 2005.
Mr. Mason has 40 years experience in investment banking and is currently a Senior Advisor to UBS Investment Bank. He was Chairman of JPMorgan Chase Bank in Australia from 2000-2005.
Prior to this he was Chairman and Chief Executive of Schroders Australia Limited and Group Managing Director of Schroders' investment banking businesses in the Asia Pacific region. He was a member of the Council of the University of New South Wales for 13 years. In 1995, he was appointed a member of the Order of Australia for his contribution to the Children's Hospital.
He is Chairman of David Jones Limited (appointed as a Director from November 2007 and Chairman from January 2013) and Director of Singapore Telecommunications Limited (appointed September 2010).
AMP also announced that Simon McKeon AO will become the Chairman of the AMP Limited Board in May following the planned retirement of Mr. Mason.
Mr. McKeon is a former senior executive with Macquarie Group having had a career spanning 30 years specialising in corporate mergers and acquisitions, fund raising and strategic advice.
He was made an officer of the Order of Australia in 2012 for distinguished service to business and commerce through leadership and advisory roles, and to the community as a supporter of national and international charitable, educational and sporting organisations. He was Australian of the Year in 2011.
He is the Chairman of CSIRO and was appointed by the Federal Government as the Founding President of the Australian Takeovers Panel serving from 1999 until 2010. He was previously the Chairman of MYOB Limited 2006 - 2009.
Mr. McKeon has degrees in Law and Commerce from the University of Melbourne and prior to joining Macquarie, where he became Executive Chairman of the Melbourne office, practised as a solicitor with Blake Dawson Waldron in Sydney. He is the inaugural President of the Review Panel for the banking industry's Banking and Finance Oath, was the 2011 Australian Banking Ambassador of the Year and is a Fellow of the Australian Institute of Company Directors.
His extensive involvement in the community includes being an Australia Day Ambassador for the Victorian Government and wide ranging philanthropic interests.
AMP Limited also advised Rick Allert AO having reached the end of his three year term, has announced his intention to retire from the Boards of AMP Limited and AMP Bank Limited.
Mr. Allert joined the Board in 2011 following AMP’s acquisition of AXA Asia Pacific, where he was Chairman from 2000 - 2011 and a Director since 1992.
As part of the board renewal process, AMP Limited further announced that Trevor Matthews will join the AMP Limited Board as a non-executive Director, effective 3 March 2014.
Mr. Matthews has extensive life insurance experience in Australia, Canada, Japan and the UK. He was previously with Aviva, most recently as Executive Director and Chairman, Developed Markets and prior to that Chief Executive Officer of Aviva UK. He is currently a Director of Cover-More Group and FNZ Holdings, as well as an advisor to Tokio Marine Holdings.
Mr. Matthews has also held the position of Chief Executive Officer with Friends Provident and Standard Life Assurance Company, both based in the UK, as well as Manulife Financial in Japan. He has also held senior roles with National Australia Bank and Legal & General in Australia.
He has served as Commissioner for the UK Commission for Employment and Skills, Chairman of the Financial Services Skills Council in the UK, and served on the boards of Life Insurance Association of Japan, Life Office Management Association in the USA, and Life Investment and Superannuation Association in Australia. ■