AMP sells Collimate Capital’s international infrastructure equity business

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AMP Limited has announced it has entered into an agreement for the sale of Collimate Capital’s international infrastructure equity business to DigitalBridge Investment Holdco, LLC, a wholly-owned subsidiary of DigitalBridge Group, Inc. (DigitalBridge) for an upfront consideration of A$462 million and total value of up to A$699 million. Combined with the A$430 million from the

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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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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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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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AMP Foundation awards A$1 million in Tomorrow Fund grants to 27 Australians making a difference

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AMP Foundation has announced A$1 million in AMP Tomorrow Fund grants to 27 Australians who, despite a challenging year, have made inspiring and meaningful contributions towards addressing some of the country’s most significant community issues. The 2021 recipients, known as AMP Tomorrow Makers, are aged between 13 and 65 and are tackling a range of

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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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AMP announces divestment of equity interest in Resolution Life Australasia   

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AMP Limited has announced it has agreed the divestment of its 19.13% equity interest in Resolution Life Australasia (RLA)[1] for a consideration of A$524 million to Resolution Life Group[2]. The sale of the RLA holding will complete AMP’s exit from its former life insurance and mature business, AMP Life, which it sold to Resolution Life in

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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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AMP Limited provides Q3 21 AUM and cashflows update 

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Key points: Australian wealth management (AWM) assets under management (AUM) remained steady at A$131.2 billion during Q3 21, with improved investment markets offsetting net cash outflows. AWM net cash outflows of A$1.4 billion in Q3 21 improved from A$1.8 billion of net cash outflows in Q3 20 and includes A$0.5 billion in regular pension payments

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AMP launches national brand campaign 

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AMP has announced the launch of a new national advertising campaign focused on recognising the importance of investing for all Australians. The ‘Investor in all of us’ campaign, which launches with a TV advertisement on Sunday 3 October, reframes what it means to be an investor with examples of everyday Australians and how they invest

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