The likely departure of Francesco De Ferrari as chief executive of AMP is a blow to its shareholders because it removes a leader who thought creatively about the provision of financial advice.
If AMP chief executive Francesco De Ferrari leaves the company, he can do so in the knowledge he took on one of the hardest corporate turnaround projects of the past decade and gave it his best shot.
He inherited a business that was shattered by the Hayne royal commission, and over the next two years AMP got whacked by issues that decimated its board of directors.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
