Embattled wealth management group AMP has shocked the market with the departure of Alex Wade, the chief executive of its sprawling Australia division, in an immediate and unexplained resignation following an unidentified "internal matter".
Alex Wade, who joined AMP in January last year, had only been promoted to head of AMP Australia in October 2019. Nick Moir
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
