AMP’s board must consider whether shareholders and clients will be better served if the company de-merges its private markets arm or sells it off.
AMP failed to transfer 3702 members to MySuper products from 2014,despite legal obligations,and is now reimbursing customers and accepting back-dated insurance claims.
The grand old dame of Sydney’s skyscrapers,AMP Capital’s 33 Alfred Street,is getting a makeover for its 60th birthday.
When it was completed 60 years ago,the AMP Building was Australia’s tallest building,and one of our most innovative.
Despite being slammed during the banking royal commission,AMP’s new CEO Alexis George thinks there are opportunities to be made in cross-selling financial products but stressed customer consent would be a top priority.
Major bank economists are expecting the prudential regulator to hold off introducing more lending restrictions as the likelihood of an interest rate rise this year increases.
The troubled financial services company is a step closer to simplifying its structure as it forges ahead with plans to spin off its wealth management arm in the new year.
Private equity giant Blackstone has bought on a half share in the Sydney Grosvenor Place tower,giving heart to office property investors that the sector is coming back to life.
AMP’s newly appointed chief executive Alexis George has sought to start a new chapter in the 172-year-old company’s trajectory by partnering with fintechs after a bruising past few years.
The devaluation of AMP’s brand name was among the impairment charges announced ahead of the AMP Capital private markets demerger.
AMP has fought off rival bids for management of the $7 billion office fund,which is good news for its private markets demerger,but questions remain about the cost of fee reductions.