AMP announces FY 19 results and provides strategy update

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AMP strategy New strategy in August 2019 enabled fundamental reset of AMP; foundational steps in three-year transformation now underway. AMP Capital international growth strategy accelerating following record year for infrastructure funds. Separation of AMP Life on track for completion by 30 June 2020; China approval (CBIRC) received; continue to work with other regulators on achieving […]

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AMP announces Chief Financial Officer appointment

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AMP has confirmed the appointment of James Georgeson as Chief Financial Officer (CFO) effective 3 February 2020. Mr Georgeson was appointed AMP’s Acting CFO in August 2019.  He will now formally join AMP’s group leadership team, reporting directly to Chief Executive Francesco De Ferrari.  The appointment follows an external and internal search to find a […]

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AMP Limited Q3 19 AUM and cashflows update

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Growth in assets under management (AUM) in Australian wealth management and AMP Capital from strong investment markets. New Zealand wealth management AUM fell during the quarter mainly due to a weaker New Zealand dollar. Increased cash inflows in Australian wealth management offset by higher outflows including A$0.6 billion of regular pension payments and A$0.2 billion […]

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AMP announces senior leadership change and realignment of business units

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AMP Limited has announced it will bring together its banking and Australian wealth management business units into a combined organisation to be named AMP Australia. AMP Chief Executive Francesco De Ferrari said the internal combination reflected AMP’s client-led strategy, and followed the decision by Sally Bruce to step down as AMP Bank CEO. The AMP […]

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AMP CEO remuneration update

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As outlined by the Chairman at the AGM in May, the AMP Board has confirmed it will adjust the remuneration package of Chief Executive Francesco De Ferrari to ensure he is appropriately incentivised and aligned with shareholders during the transformation of AMP. Summary of adjustments As indicated in the announcement of Mr De Ferrari’s appointment […]

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New strategy to reset AMP as simpler, higher growth and higher return business focussed on clients

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AMP Limited has released several significant announcements to reposition AMP as a simpler, client-led, higher growth and higher return business. AMP strategy: New strategy to reinvent AMP as a contemporary wealth manager. Three-year investment program to fund growth, cost reductions and fix legacy issues. Strategy to build on core strengths and market positions with whole-of-wealth solutions. Cost reduction […]

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AMP Limited appoints new Chief Financial Officer

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AMP Limited yesterday announced the appointment of John Patrick (JP) Moorhead as Chief Financial Officer (CFO), effective 1 June 2019. Mr Moorhead will succeed Gordon Lefevre who will retire from AMP after more than five years as Group CFO following an orderly transition. Mr Moorhead, who is currently CFO and Chief Operating Officer of AMP […]

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AMP realigns leadership team to drive transformation

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AMP Limited has announce a series of changes to its leadership team to drive the transformation of the group in 2019. AMP Chief Executive Officer Francesco De Ferrari said the new group structure delivers clear focus on the group’s immediate priorities: reinventing wealth management, executing a successful separation of the wealth protection and mature businesses, […]

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Royal Commission final report – a catalyst for change

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The Royal Commission has been a catalyst for change across the financial services sector and within AMP. The outcomes of the final report provide greater certainty and will help to restore confidence and stability to Australia’s financial system. AMP will work constructively with the government, regulators, advisers, trustees and other bodies to ensure that, as […]

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AMP appoints Alex Wade to its Group Leadership Team

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AMP Limited has announced the appointment of Alex Wade to its Group Leadership Team as Group Executive, Advice, effective 7 January 2019. Mr Wade will report to AMP Chief Executive Francesco De Ferrari and will lead the continuing transformation of AMP’s advice business. Mr Wade will succeed AMP Group Executive, Advice and New Zealand, Jack […]

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