The firm said that the new appointment would bring strong expertise to the AMP board.
Former J.P. Morgan Chase & Co executive Andrew Best has been appointed as an independent non-executive director to the board of AMP.
Mr Best has more than 30 years of international and domestic experience across banking and financial markets in Australia, London, Hong Kong and Singapore with a focus on capital markets and mergers and acquisitions.
During his three-decade career at J.P. Morgan Chase & Co, Mr Best held a variety of managing director roles and most recently served as its head of investment banking for Australia and New Zealand from 2017 to 2020.
Prior to this, he spent 13 years as the head of J.P. Morgan’s financial institutions investment banking business for Australia and New Zealand.
“We’re delighted to have a financial services leader of Andrew’s calibre join the AMP Board, adding to the strong and experienced team of current non-executive directors driving AMP’s transformation,” AMP chair Debra Hazelton said on the appointment.
“Andrew will bring strong expertise and valuable insights in capital management, financial markets and mergers and acquisitions, gained from an extensive career both in Australia and internationally.”
In addition to his financial services executive experience, Mr Best is a member of the Ord Minnett Private Opportunities Fund Investment Committee.
He is also a panel member for Adara Group, which provides independent pro bono advice to Australian companies, as well as an executive coach with Foresight Global Coaching.
“We look forward to his contribution as we take AMP forward as a simpler and customer-focused organisation,” Ms Hazelton added.
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.