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Francesco De Ferrari

July 2023

Boe Pahari: indestructible

What Boe Pahari did next

The thing about asset managers as successful as the ex-AMP Capital chief is that they’re virtually bulletproof.

  • Myriam Robin

June 2022

Ferrari will make almost half of its models fully electric by 2030.

Ferrari unveils plans to make ‘unique’ electric cars

The Italian luxury carmaker will launch its first electric-only vehicle in 2025.

  • Giulio Piovaccari and Nick Carey

April 2022

The first corner of the Albert Park track has been altered for this year’s race.

Formula 1’s real race will take place off the track

The sport is riding high after one of its most successful seasons, but like all businesses built on fossil fuels, it is facing a big existential challenge.

  • Peter Ker

December 2021

Josh Frydenberg.

Heads did roll: Rear Window’s 2021 in review

A year that started in court has had plenty of victims, some unlikely saviours, and the greatest boondoggle ever.

  • Joe Aston

June 2021

Former Bendigo and Adelaide Bank managing director Mike Hirst has joined AMP as an independent non-executive director.

Former Bendigo Bank boss heads to AMP board

Former Bendigo and Adelaide Bank CEO Mike Hirst has joined the board of AMP, restoring the wealth management group’s governing body to a full eight-member board.

  • Michael Roddan
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April 2021

AMP CEO Francesco De Ferrari’s departure was in the spotlight on Friday.

Sorry doesn’t come easy at AMP

AMP chairman Debra Hazelton didn’t shy away from tough questions at the company’s annual general meeting, but her attempt to paint AMP as a victim of circumstances jarred. 

  • James Thomson
AMP Capital’s woes are being seized on by its competitors.

AMP Capital losses roll on amid Ares deal silence

AMP suffered net outflows of $1.5 billion over the March quarter, according to an update to shareholders that made no mention of Ares takeover discussions. 

  • Michael Roddan
AMP’s new CEO Alexis George grew up in Bega and has supported the Sydney roosters rugby league team since she was eight.

AMP’s Alexis George joins an elite club

There is no tougher job in Australian business than turning around AMP. The board has turned to a proven executive from a working class background.

  • Tony Boyd

March 2021

AMP CEO Francesco De Ferrari: nothing left to lose?

AMP’s chaos never ceases

It was absolutely the intention of AMP’s board to withdraw its confidence from De Ferrari at a meeting on Thursday afternoon.

  • Joe Aston
The AMP board has found itself under pressure to reduce Francesco De Ferrari’s salary package.

The AMP board’s latest initiative for destroying value

Long-suffering AMP shareholders have been left reeling as tensions between the company’s board and chief executive Francesco di Ferrari spill out into the open.

  • Karen Maley
Francesco De Ferrari.

AMP shareholder revolt dooms De Ferrari

After the market and Francesco De Ferrari himself were blindsided by news of his impending departure, it has emerged that shareholders frustrated at the slow pace of the turnaround have been pushing for more dramatic change.

  • Michael Roddan
AMP chief executive Francesco De Ferrari arrived too late to turn the company around.

Breaking up isn’t easy at AMP

AMP is about to be broken up, so it makes sense the company’s chief executive, Francesco De Ferrari, would be contemplating his future, too.

  • James Thomson
AMP chief executive Francesco De Ferrari has given the role his best shot, coming up with creative ideas for building a sustainable business in a difficult regulatory environment.

De Ferrari gave AMP his best shot

The likely departure of Francesco De Ferrari as chief executive of AMP is a blow to its shareholders because it removes a leader who thought creatively about the provision of financial advice.

  • Tony Boyd
AMP boss Francesco De Ferrari is leaving the group after only about two years in the job.

De Ferrari era at AMP coming to an end

AMP was forced to halt trade in its shares after the Financial Review reported chief executive Francesco De Ferrari was about to leave the business after less than three years.

  • Michael Roddan
AMP chief executive Francesco De Ferrari, whose resignation is imminent.

De Ferrari made a fraction of promised AMP riches

Most of De Ferrari’s upside was always in equity. And AMP’s share price hasn’t gone anywhere good.

  • Myriam Robin
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February 2021

AMP will put its AMP Capital flagship business into a joint venture with reluctant takeover suitor Ares Management.

AMP break-up rolls on with Capital sale to Ares

AMP has inked a $1.35 billion deal with US asset manager Ares Management to hive off 60 per cent of AMP Capital’s unlisted markets businesses.

  • Updated
  • Michael Roddan
Francesco De Ferrari: “We’re in the second year of heavy lifting that will allow us to get most of the legacy issues behind us.”

De Ferrari left with AMP’s ‘rump’

AMP chief executive says calling it the ‘rump’ undersells the company’s unloved superannuation, wealth and banking divisions, and pledges heavy lifting to overhaul what’s left of the 172-year-old-company.

  • Michael Roddan
AMP chief executive Francesco De Ferrari looks to have the best of both worlds.

AMP’s clever deal to gain global reach

After three years of dealmaking and failing to sell itself, AMP has struck a $3b deal with Ares Management to turbocharge its exposure to infrastructure asset management.

  • Tony Boyd
AMP CEO Francesco De Ferrari.

AMP fights on all fronts as Ares retracts $6b bid

Francesco De Ferrari will slash customer super fees, freeze staff wages and cut costs after finding the company was unable to divorce its underperforming businesses. 

  • Michael Roddan and Aleks Vickovich
AMP chief executive Francesco De Ferrari must push on with his clean up.

AMP’s grim reality is now clear

The end of Ares Management’s tilt to buy AMP outright means it has no choice but to go it alone on the rebuild of its embattled wealth business. 

  • Updated
  • James Thomson

Original URL: https://www.afr.com/person/francesco-de-ferrari-1mnt