Business
The future of AMP’s boss remains under a cloud – Sydney Morning Herald
If his future is in doubt, Francesco De Ferrari seems to have fallen victim to an egregious case of bait and switch.
Ares took the bait again, or at least the juicy bit.
Thus AMP Capital is being sold in a peculiar piecemeal fashion. The company is now working on a proposal to sell 60 per cent of AMP Capitals unlisted markets business to Ares.
But even that deal is under a cloud as an interloper, Dexus, is attempting to grab the management rights of one of the big funds inside AMP Capital.
De Ferrari could not have anticipated that when he stepped through the door of the AMP tower at Sydneys Circular Quay headquarters…
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