There is no tougher job in Australian business than turning around AMP. The board has turned to a proven executive from a working class background.

She was regarded at ANZ as the best people manager in the bank. As deputy CEO to Shayne Elliott, her portfolio included oversight of the banks shared services in India, China and the Philippines, as well as wealth, and mergers and acquisitions.
Elliott said in an ASX statement: Alexis has made an invaluable contribution over the last seven years and I know she will have a similar impact on her new company.
We will all miss her experience, wise counsel and down-to-earth leadership style. However, as one of the most experienced wealth executives in the country, she is ideally placed to lead AMP through its next phase and we all wish her well on the challenge.
AMP chairman Debra Hazelton highlighted Georges experience in wealth management and banking, and revealed the new CEO was committed to continue the transformation of AMPs business, and importantly, our organisations culture.
Born in Bega
It is clear to Chanticleer that George has not allowed the privileges and perks that come with being a senior manager to go to her head.
But it is also clear that she knows how to negotiate well. Her remuneration package includes a $4 million sign-on fee payable over three years in AMP shares.
Also, if she meets her performance targets it is possible she will earn about $6.8 million in her first year. This calculation includes earning a short-term incentive equal to twice her base pay of $1.7 million and a long-term incentive equal to 100 per cent of base pay.
George grew up in the NSW South Coast town of Bega and has been a mad fan of the Sydney Roosters rugby league team since she was eight. She spent five years working for Dutch bank ING in Prague.
She lives with her husband in Sydney. Her two children have moved out of the family home.
George starts each day with a 6am walk in the bush with her two dogs Monte, a labrador, and Lucy, a cross border collie and cattle dog, according to an interview published last year on ANZs website.
Spending this time with the dogs has been a very important part of managing my mental and physical wellbeing during the lockdowns and a stressful work period and I could not have done it without them, she told Blue Notes.
Funds for a new strategy
George is fortunate that De Ferrari will leave AMP with about $520 million in surplus capital.
Francesco De Ferraris exits the company after just a few years as CEO. David Rowe
The surplus funds will give her some flexibility as she formulates a new strategy. The money could well be needed for investment in AMPs leading wealth management platform, North, which is facing increased competition from Netwealth and Hub24.
There will be other funds available for investment or capital management but the amount will depend on the fate of the proposed deal to sell 60 per cent of AMP Capitals private markets business to Ares Management.
Whatever happens to the Ares deal there is no future for the AMP Capital business under the AMP umbrella. Funds management businesses have a different culture, different remuneration, different capital requirements and are more highly valued when standing separate to other businesses.
George can take inspiration from other women who have been unafraid to take on the complex and daunting task of fixing troubled or challenged businesses.
Prime examples of females who have stepped up to the plate despite cries of hospital pass or poison chalice are: Launa Inman at Target, Sue Morphet at Pacific Brands, Alison Watkins at Coca-Cola Amatil, Amanda Lacaze at Lynas Rare Earths, Rebekah OFlaherty at 3P Learning, Marnie Barker at Bendigo and Adelaide Bank, Julie Coates at CSR and Jayne Hrdlicka at Virgin.
AMP shareholders will have to wait some time before George takes over De Ferraris office overlooking Circular Quay in Sydney.
She will probably have to serve out another six weeks at ANZ and then take gardening leave for a couple of months.