AMP chief risk officer for advice Pally Bargri has stepped down from his role in the wake of a fee scandal at the firm.

Bargri will resign in the middle of July 2018. The bank has already initiated an internal and external search for his replacement.

Confirming the resignation in his LinkedIn post, Bargri said: “When I think of where I’m personally at, and the energy and commitment the organisation needs from me now, I conclude that I have insufficent capacity to carry through the important task of navigating the days and months ahead.

“Perhaps the ambiguity of what I’ll do next, and the uncertainty about the opportunity that lies ahead, is a nice challenge to have. But for now, I look forward to sharing all I have with my two girls, as I begin to contemplate what may be next.”

Bargri’s departure is the latest in a series of exits at AMP following revelations at the banking royal commission that the firm charged fees for no service and also misled regulators.

Earlier this month, AMP CEO Craig Meller and chairman Catherine Brenner stepped down from their roles. Brenner has been replaced with David Murray.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.