AMP gives CIO bigger remit in restructure

A management reshuffle at AMP has seen CIO Craig Ryman handed a bigger portfolio after the executive formerly charged with operations was let go.

Ryman now replaces his chief information officer title with 'group executive, technology and operations'. He reports directly into CEO Craig Meller.

The combination of technology and operations under one executive is likely to result in cost savings and staff redundancies. 

The former head of operations, Wendy Thorpe, is one of three executives to leave the business as a result of the management restructure. She will bring forward her planned retirement and leave the business early next year after helping with the transition.

Ryman's new role and the wider executive-level changes will come into effect on January 1. 

Ryman is an AMP veteran, starting in the business in 1996 and working his way up to the CIO role in January last year.

Most recently his time has been spent focusing on a restructure of AMP's long-running outsourcing deal with CSC.

Meller said the management changes would provide "sharper focus" on the performance of the core Australian business, drive efficiencies across the company, and emphasise growth areas.