Business
AMP Limited 2026 Annual General Meeting - Chair address & CEO address
AMP Limited 2026 Annual General Meeting - Chair address & CEO
About this update from Amp Limited
In accordance with Listing Rule 3.13.3, AMP Limited attaches the Chair address and Chief Executive Officer address, to be delivered at AMP's 2026 Annual General Meeting today. AMP Chair Mike Hirst said: 'AMP has a long history of helping Australians and New Zealanders build financial security. That history guides our focus today. We have a clear purpose - helping people create their tomorrow - and a sharp understanding of where we can compete and grow. 'In January, we announced that Blair Vernon would succeed Alexis George as Group Chief Executive Officer, with Alexis finishing her outstanding executive career at the end of last month. The Board is confident that Blair, supported by a highly capable executive team, is well placed to lead AMP successfully forward, through a clear focus on driving growth in our wealth businesses.' CEO Priorities The CEO's address outlines new Chief Executive Officer Blair Vernon's three key priorities for the near term: Accelerating growth in AMP's wealth businesses Maximising the benefits of AI A sharp focus on capital allocation and organisational efficiency. AMP Chief Executive Officer Blair Vernon said: 'AMP now has a strong foundation to build from, and our opportunity is to convert this strengthened position into sustained growth. As the new CEO I have three clear priorities to achieve this. 'Firstly, our focus will be on driving organic growth in our wealth businesses. We'll do this through a relentless focus on customer acquisition and retention, and importantly, by growing and deepening our adviser partnerships. 'Secondly, we will maximise the benefits of AI by embracing this opportunity - no business can afford to sit on the sidelines. AI has been part of our business for nearly three years, and we need to continue to move fast to meet the accelerating pace of change. 'Finally, we'll retain a sharp focus on capital allocation and organisational efficiency. We're committed to the efficient use of capital and facilitating a return of capital to shareholders, in the absence of more compelling opportunities to add capability - as opposed to scale. That begins with our recently announced $150 million buyback. In AMP Bank, this means an increased focus on optimising the balance sheet to release further capital. I'm also committed to maintaining the cost discipline that we've built through our program of business simplif...