AMP Limited today announces John Fraser will join its Board as a Non-Executive Director. It is expected Mr Fraser’s appointment will be effective in September 2018, subject to usual preappointment processes.

Mr Fraser has extensive experience in leadership and senior executive roles in investment banking, asset management and public policy. He was most recently Secretary to the Australian Treasury, retiring in July 2018. He served as Chairman and CEO of UBS Global Asset Management for more than a decade, based in London. Prior to that, Mr Fraser served as Deputy Secretary to the Australian Treasury after holding a number of other positions in Treasury over a 20-year period.

AMP Chairman David Murray said: “We’re pleased to welcome John to the Board. His appointment demonstrates that Board renewal is well underway as we continue the rebuild at AMP.

“John brings a wealth of top-level experience across financial markets, governance and public policy to the AMP Board table. He has an exceptional blend of public and private sector experience, in Australia and internationally, and his strategic insights will be a great asset for the organisation.”