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AMP hires Credit Suisse's Alex Wade to head advice business

AMP hires Credit Suisse's Alex Wade to head advice business

AMP, a Sydney-based wealth management company, has appointed Alex Wade (pictured) to its leadership team as group executive, advice, effective 7 January.

The senior executive joins from Credit Suisse Private Banking, where he most recently served as head of developed and emerging Asia.

He was responsible for Credit Suisse’s domestic private banking businesses for Australia, Japan and India, with additional responsibility for the offshore markets of non-resident Indians, Sri Lanka and Pakistan.

Wade worked at Credit Suisse for 12 years, during which he held various roles such as head of private banking Australia and chief of staff for Asia Pacific. He worked at JP Morgan for seven years before joining Credit Suisse in 2006.

At AMP, Wade will replace Jack Regan, who was responsible for the firm's financial advice business in Australia. Regan is set to retire from the company after 20 years.

Wade will report directly to AMP chief executive Francesco de Ferrari, who was also his former boss at Credit Suisse.

de Ferrari left his position as head of private banking Asia Pacific at Credit Suisse this August to lead AMP’s advice business.

His appointment followed the resignation of former CEO Craig Meller earlier this year. Meller left the AMP after the Royal Commission's banking inquiry found evidence of gross misconduct at the wealth manager.

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