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The gathering storm before AMP's exorcism

The gathering storm before AMP's exorcism

The storm that the reaction to Boe Pahari's behaviour had unleashed had enough force to unseat top-level executives at AMP.

David Murray, John Fraser and Boe Pahari

David Murray, John Fraser and Boe Pahari – departed or stood down. 

Boe Pahari had little inkling of the storm he would be flying into as he landed at Sydney Airport on May 27, before he was swiftly escorted to a fortnight of hotel quarantine.

Not long after his release from the mandatory two-week lockdown on June 9, AMP would announce a new role for the previously London-based head of infrastructure equity – the new chief executive of AMP Capital, overseeing the $196 billion asset management arm of the 170-year-old wealth company.

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Michael Roddan
Michael RoddanNational correspondentMichael 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

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Original URL: https://www.afr.com/companies/financial-services/the-gathering-storm-before-amp-s-exorcism-20200824-p55or2