Ms Bruce 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.

Ms Bruce joins AMP from National Australia Bank where she was most recently CFO Business and Personal Banking.

Mr Caprioli said: “Sally’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.”

Ms Bruce was appointed following an extensive search. Her appointment is effective 31 August, 2015.

Ms Bruce will succeed Michael Lawrence as Managing Director, following a decision by Mr 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”, Mr Caprioli said.

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