Wealth management giant AMP aims to broaden its fast-growing bank customer base away from mortgage brokers as it presses ahead with a spin-off of its newly branded asset management arm, Collimate Capital.
The financial services company delivered a full-year net loss of $252 million on Thursday, while revenue slipped 3 per cent to $3.3 billion.
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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
