Business
Promoted, demoted, accused of harassment: AMP’s Pahari leaves with mega cash haul – Sydney Morning Herald
AMP has redefined bad optics. It may need to pay up to $70 million to executive rainmaker Boe Pahari, who was accused of sexual harassment.
AMP Capital has experienced recent outflows and the retention of its management rights of one of its major property funds is under attack from rival property manager Dexus. But this represents only one of the fronts on which AMP is fighting.
The plan to demerge the private markets business (which accounts for the lions share of AMP Capitals value) will orphan the remainder of the AMP.
That stranded rump is AMPs wealth business – which is better known as the unit that contains the financial advisory…
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