AMP appoints Felicia Trewin as Chief Technology Officer 

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AMP has announced the appointment of Felicia Trewin as its new Chief Technology Officer (CTO) and member of the group Executive Committee. Ms Trewin will start in the role in March 2022, reporting to AMP Chief Executive Officer Alexis George. As AMP CTO Ms Trewin will be responsible for leading the group’s technology strategy and

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02 Dec 2021

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AMP provides demerger and strategy update   

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AMP has provided an update on its planned demerger and the strategic growth plans for the two post-demerger businesses – AMP Limited and AMP Capital’s Private Markets business (PrivateMarketsCo). AMP continues to make strong progress on the operational separation of PrivateMarketsCo, in preparation for demerger in 1H 22. A clear perimeter has been set with

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01 Dec 2021

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Weekly economic and market update – week ending 26 November, 2021

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Investment markets and key developments Global share markets mostly fell over the past week as inflation, interest rate and coronavirus concerns – with rising cases in Europe and a new variant in South Africa – rattled investors with travel stocks being hard hit. US shares were up slightly prior to Thanksgiving, but other major markets fell.

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29 Nov 2021

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AMP announces expected FY 21 impairments

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AMP has announced that ahead of the planned demerger and following a review of its balance sheet it expects to recognise additional impairment charges of approximately A$325 million (post-tax) in its FY 21 financial results. The charges, which are mainly non-cash, reflect a comprehensive review of the balance sheet which included the partial impairment of

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29 Nov 2021

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The longer-term legacy of coronavirus – nine implications of importance to investors

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Key points Likely key longer-term implications flowing from the coronavirus pandemic are: bigger government; increased money supply and excess saving; increased geopolitical tensions; reduced globalisation; a faster embrace of technology; a greater focus on lifestyle; and a potential post-pandemic boom. The biggest risk is of significantly higher inflation, reversing the long-term downtrend in interest rates.

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25 Nov 2021

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Weekly economic and market update – week ending 19 November, 2021

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Investment markets and key developments Global share markets were mixed over the last week. US shares rose 0.3% for the week helped by strong data but with gains pared slightly by concerns about rising coronavirus cases in Europe and hawkish Fed comments. Eurozone shares fell 0.3% on the back of coronavirus concerns after Austria announced

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22 Nov 2021

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AMP enters into enforceable undertaking with APRA  

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AMP has confirmed its superannuation trustees have entered into an enforceable undertaking (EU) with the Australian Prudential Regulation Authority (APRA) in relation to a number of historical matters in its superannuation business. The Trustees – AMP Superannuation Limited and N.M. Superannuation Proprietary Limited – have acknowledged APRA’s concerns in relation to the matters, each of

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18 Nov 2021

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Weekly economic and market update – week ending 12 November, 2021

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Investment markets and key developments Share markets were hit again over the past week as more high inflation readings added to concerns about monetary tightening. This left US and European shares down for the week and Japanese shares little changed. Chinese shares bucked the trend and rose.  While falls in US shares weighed on the

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15 Nov 2021

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AMP announces winners of the 2021 University Challenge

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For the first time in the competition’s 11-year history there has been a tie for first place in AMP’s annual University Challenge. Jamie Lee Fraser from Griffith University has shared top honours with Molly McGinn and Aaron Mynard from Deakin University. Jamie, Molly and Aaron will share in the combined first and second place prize

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02 Nov 2021

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Weekly economic and market update – week ending 29 October, 2021

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Investment markets and key developments Share markets were mixed over the past week – up in the US and Europe on strong US earnings results, but down in Japan, China and Australia. The Australian share market was hit by interest rate fears after a stronger than expected underlying inflation result and signs the RBA may

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01 Nov 2021

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