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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. 

Michael RoddanNational correspondent

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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