Non-major appoints new bank head

by Julia Corderoy28 Aug 2015
AMP Bank has appointed an ex-NAB CFO as its new managing director.

Sally Bruce will take her place as managing director of the non-major bank on 31 August 2015, where she will have overall responsibility for all areas of AMP Bank, including its range of savings and transaction accounts, home loan products, strategy, marketing and distribution.

Bruce joins AMP from NAB where she was most recently CFO Business and Personal Banking.

AMP group executive advice and banking, Rob Caprioli says Bruce’s extensive knowledge of retail banking and expertise across financial services makes her an ideal choice to lead AMP Bank.

“AMP Bank is an important part of AMP’s overall offer and a key contributor to our customer focused strategy. Sally’s experience and track record in consumer finance will be invaluable in continuing this momentum.”

Bruce will succeed Michael Lawrence as managing director, following a decision by Lawrence at the beginning of this year to leave the business.

“Michael has been instrumental in building AMP Bank into an important contributor to the overall AMP business. I’d like to thank him for his outstanding leadership and his enormous contribution to the bank’s ongoing success,” Caprioli said.