AMP hit by more departures
AMP Capital has been hit by a new round of departures in New Zealand, capping off a tumultuous week.
AMP Capital has been hit by a new round of departures in New Zealand, capping off a tumultuous week.
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AMP’s new chair Debra Hazelton has to emerge from the shadows, and the sooner the better.
Cbus has been critical of AMP’s leadership over its handling of the situation that has led to several staff exits.
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Shares finished higher by 0.5pc after setting a five-month high, Afterpay surged 12pc and banks rose more than 4pc.
AMP chief Francesco de Ferrari has a supporter in former AMP chief investment officer Merv Peacock.
A strong lead from Wall Street saw the S&P/ASX200 burst out of the gates, almost reaching the key 6200 point mark before pulling back to close 0.5 per cent higher.
A spate of blunt phone calls and emails to the besieged David Murray-led AMP board late last week spelt the end for the group in its current form.
AMP is embarking on yet another journey to repair trust and fill key board and executive vacancies, after a tumultuous period marred by revelations of poor executive conduct.
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