George had been the ANZ’s deputy chief executive as well as the head of its Wealth Australia business which was sold in 2018.
Officially, De Ferrari has retired but he would continue to lead the company until George takes over later this year.
ANZ chief executive Shayne Elliott said he was incredibly disappointed to see George leave the bank she had been with since 2013 but he “could not be more proud she has been asked to take on such an important role as the next chief executive of AMP”.
George admitted she was leaving with mixed emotions.
“While I’m excited about the challenges ahead I’ll miss the people and supportive culture we’ve built together at ANZ.”
De Ferrari said that the transformation underway at AMP meant there would be a very different business and profile.
“While there is no optimal time for the transition the board and I agreed that for AMP to deliver in the next phase of its ambitious transformation, at this juncture, long-term certainty of leadership is critical for our business, employees and our clients,” De Ferrari said.
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