Business
AMP counts the cost of being dumped at the altar – The Australian Financial Review
Hopes of selling AMP have now evaporated along with its share price as Ares Management walked away. But Francesco De Ferrari still hopes to sell AMP Capital while…
But the chief executive confidently notes that pleasingly the companys portfolio review has found AMP remains the best owner of the Australian wealth business in terms of delivering value for shareholders. And given this is only the end of the first year of AMPs three-year transformation strategy, he insists the financial benefits will become obvious later.
De Ferrari acknowledges the priority must be to make AMPs aligned financial adviser network compliant, professional and profitable.
The catch…
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