Subscribe to CIO Magazine »

New AMP Capital CFO looks to deliver better business insights

Margaret Payn takes over the role from Jim Dawson
New AMP Capital CFO looks to deliver better business insights

AMP Capital’s new CFO Margaret Payn has set her sights on strengthening the finance team’s role in order to provide more insights to the business.

Payn was appointed to oversee the company’s global finance operations in February and replaces Jim Dawson, who left AMP Capital after three years as finance director.

Payn, a trained accountant, joins the investment management firm after three years driving capital, finance and productivity initiatives at Suncorp, Westpac and Lloyds International. Prior to that, she held several roles at ANZ including group MD of strategy and marketing, and was tasked with delivering a more customer-centric business model.

Other companies on Payn’s resume include Schroders in Sydney, London and Hong Kong and KPMG in London.

Payn told CFO World she was attracted to the role at AMP Capital because of the company’s culture and values, adding the emphasis on people was a very attractive one.

“I also wanted to work in a business in which I'd had some experience – I enjoyed working in the funds management industry while at Schroders and had experience both in a finance and in a business capacity,” she continued. “Finally, the strategy for the organisation was very sound and something I could believe in.”

Payn’s initial focus is to be immersed in every aspect of the business and then identify where the finance team can have the most impact.

“The business has asked finance to work in greater partnership with it in a decision support capacity, so re-orienting the finance team to provide more insights to the business is a focus,” she said. “I will seek to understand the detail behind the business strategy and work with the finance team on ensuring we direct our discretionary resources to the places they will have most impact longer term.”

AMP Capital MD Stephen Dunne highlighted Payn’s deep knowledge of financial services both in Australia and abroad, particularly in fund management, as key reasons for her appointment.

“Margaret joins us at a time when we are expanding internationally and deepening our investment capabilities while driving efficiencies in everything we do,” he said.

Follow CFO World Australia on Twitter: @CFOworld_AU, or take part in the CFO World conversation on LinkedIn: CFO World

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: AMP, ANZ, KPMG, Suncorp, Westpac, Westpac
Comments are now closed.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: Margaret Payn, funds management, AMP Capital, Schroders, Suncorp, CFO
Latest Blog Posts
  • Top 20 Critical Security Controls - Compliance Guide
    Simply being compliant is not enough to mitigate attacks and protect critical information. Organizations can reduce chances of compromise by shifting away from a compliance-driven approach. This guide provides the Top 20 Critical Security Controls (CSCs) developed by the SANS Institute to address the need for a risk-based approach to security.
    Learn more »
  • Case Study: Steel Blue
    Read how Perth-based safety footwear manufacturer, Steel Blue, was able to cut costs with shipping and improve efficiency while meeting the growing demand for their products as they expanded their national and export markets and increased their local market share, all thanks to a new ERP system.
    Learn more »
  • Pathways Advanced ICT Leadership Development Program Course Outline and Big 6 2013
    Developed by the CIO executive Council in conjunction with Rob Livingstone Advisory, Pathways Advanced is a 12-month CIO delivered, small group, mentor based professional leadership development program. Pathways Advanced brings together best practice, thought leadership and business insights for today’s most promising ICT professionals
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Latest Jobs
Salary Calculator

Supplied by

View the full Peoplebank ICT Salary & Employment Index

Recent comments