AMP's new group executive AMP Bank, Sally Bruce (pictured, right), will report directly to the group chief executive - the first time the head of the group's banking operation has had that level of seniority. Bruce, a former National Australia Bank and Macquarie Group executive, is among several new faces in the leadership team at AMP. The group has established a new wealth solutions and customer division, to be headed by Paul Sainsbury. And there are new heads of insurance, technology and operations and enterprise risk management. Macquarie Group has merged two of its divisions, Macquarie Securities and Commodities and Financial Markets. CFM group head Andrew Downe has been appointed head of the new Commodities and Global Markets division. Macquarie Group chief executive Nicholas Moore said in a statement that the change was prompted by industry changes and the opportunity to provide clients with end-to-end service in global markets. Another reason might be that Macquarie Securities has struggled to produce earnings growth in recent years and no longer warrants the resources of a standalone division.