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AMP's Murray backs 'inclusive' Pahari

AMP chairman David Murray says the board “in no way condones the behaviour” of the newly appointed AMP Capital boss Boe Pahari, who it last month promoted to run the $192 billion asset management division.

AMP Australia chief executive Alex Wade has admitted he had been too slow to deliver on overhauling "behaviours" in the company's sprawling wealth and retail divisions, as the company deals with the fallout from The Australian Financial Review’s revelations Mr Pahari was promoted despite recently being penalised after the company settled a sexual harassment claim brought by a female subordinate.

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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
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

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    Original URL: https://www.afr.com/companies/financial-services/murray-in-no-way-condones-pahari-s-behaviour-20200708-p55a5n