Business
Francesco De Ferrari’s break-up with AMP is no suprise, Chanticleer writes – The Australian Financial Review
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.
AMP Capitals global equities and fixed income business is also on the sale block and likely to leave the group.
The remaining chunk of AMP Capital, which is known as the multi-asset group and is focused on public markets, will then be folded into the rump of AMP, which will include its superannuation business, wealth platform business, small bank and struggling financial advice division.
De Ferraris turnaround hasnt worked, although realistically AMP was clearly too far gone when he arrived.
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