The chief executive of AMP’s domestic wealth management business, Scott Hartley, will depart within the next six months as the troubled financial giant axes the division he led after selling its funds management arm.
The ASX-listed wealth manager sold its flagship AMP Capital managed funds business to ASX-listed peers Dexus and Macquarie in two separate deals over the past 12 months. Shares in AMP jumped 1.4 per cent to $1.08.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
