Vanessa Wallace has been appointed Chairman of the AMP Capital Holdings Limited Board, replacing the current long-standing Chairman, Brian Clark, who has announced his retirement effective 16 August 2016.
Mr Clark has been a director of AMP Capital Holdings since February 2008 and Chairman since March 2009.
Ms Wallace is a non-executive Director of AMP Limited and Wesfarmers and has consulted to the financial services sector across the Asia Pacific for more than 30 years. Ms Wallace formerly held senior management positions at Booz & Company where she led the financial services practice in Global Markets and was the Executive Chairman of Booz & Company (Japan) Inc.
Mr Clark said he was delighted Vanessa Wallace has been appointed as Chairman of the AMP Capital board following a well-considered and disciplined transition.
Mr Clark said: “After joining the AMP Capital Holdings board as a non-executive director in May 2016, Vanessa has made an impressive contribution, drawing on her extensive financial services experience as well as her previous engagement in advising AMP Capital at a leadership level a few years ago. She has developed a deep knowledge of the business and I have enjoyed working closely with her during the last few months as part of the board’s succession planning program.”
AMP Capital CEO Adam Tindall thanked Mr Clark for his leadership of the board during this period. “Brian has been an outstanding chairman and I would like to thank him for his leadership, wise counsel and commitment to the board and our business. I would also like to personally thank Brian for his invaluable support and guidance to me in transitioning into the role of CEO,” Mr Tindall said.
Vanessa Wallace biography
Vanessa Wallace holds a Bachelor of Commerce degree from the University of New South Wales and a Master of Business Administration from IMD Switzerland.
Prior to its merger with PwC in 2014, Vanessa led Booz & Company's financial services practice in Global Markets, was Executive Chairman of Booz & Company (Japan) Inc. and led the strategy practice.
Previously she held multiple governance roles at the highest level within Booz's global partnership and was actively involved in the firm’s customer, channels and markets activities which focused on areas such as customer experience, offer design and channels to market across a number of industries. Vanessa had hands on experience in mergers and acquisitions and post-merger integration. She was a director of Booz & Company entities in Australia, New Zealand, Thailand and Indonesia until 2013.
Following the PwC merger, Booz & Company changed its name to Strategy& and Vanessa continued as Executive Chairwoman of Strategy& (Japan) until she retired in June 2015. Vanessa is also on the Chairman’s Council of the Australian Chamber Orchestra Pty Ltd and is a member of the AICD.
This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.