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Showing 1 - 10 of 38 results for "China Life"

AMP Capital sale inches toward completion

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... Funds Management (Dexus) have been met. The last phase of this sale involves the transfer of AMP's interest in China Life AMP Asset Management Company Limited (CLAMP). Once this process is finished, AMP will receive the remaining $50 million from ...

AMP restructures wealth management, chief exits

KARREN VERGARA  |  MONDAY, 29 MAY 2023
... Royal Commission is AMP Bank, New Zealand Wealth Management (NZWM), and remnants of AMP Capital like a 15% holding in China Life AMP Asset Management (CLAMP) and 23.9% interest in Pacific Coast Capital Partners.

AMP, Dexus reach final sale agreement

CHLOE WALKER  |  MONDAY, 20 MAR 2023
... liabilities, held on the business' balance sheet. The remaining $50 million is contingent on the transfer of AMP's stake in China Life AMP Asset Management by September 30 next year. If it doesn't occur, AMP will forfeit the payment. The agreement follows ...

AMP, Dexus extend deal date

CHLOE WALKER  |  WEDNESDAY, 1 MAR 2023
... transaction without satisfaction of the condition precedent, relating to the transfer of AMP's ownership interest in China Life AMP Asset Management (CLAMP) to Dexus under the transaction. Completion of the deal will remain dependent on the ownership ...

AMP completes infrastructure equity business sale

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... Management. However, this deal has been delayed as AMP awaits Chinese regulatory approval for the sale of its interest in China Life AMP Asset Management (CLAMP) to Dexus. AMP and Dexus have engaged in discussions regarding an alternative transaction ...

AMP, Dexus deal delayed

CASSANDRA BALDINI  |  MONDAY, 9 JAN 2023
... condition precedent for the transaction's completion relates to the transfer of AMP's ownership interest in China Life AMP Asset Management (CLAMP) from entities being acquired by Dexus. Dexus explained the parties agreed to extend the date for ...

AMP chair faces shareholder ire

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... Markets. Wealth management, investment and banking group will operate under AMP Limited and maintain a partnership with China Life and Resolution Life. Many cast doubt about the timing of his resignation, making no sense of De Ferrari leaving in the ...

AMP and Ares enter JV

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... and fixed income segments as its scale is unable to compete with global players. He explained the 20% shareholding in China Life Pension Company and the proposed 40% joint venture with Ares are "synergistic" to the rest of the business but effectively ...

AMP bleeds $18 billion

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... million in the prior corresponding period, which AMP said was due to strong inflows into fixed income products managed by China Life AMP Asset Management. AMP chief executive Francesco De Ferrari said he was pleased the wealth manager was "showing up ...

AMP cuts fees for new wholesale fund suite

ALEX BURKE  |  THURSDAY, 15 FEB 2018
... driven record external cashflows into AMP Capital, including a major contribution from one of our Chinese partnerships, China Life AMP Asset Management," Meller said.
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