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Showing 31 - 40 of 103 results for "AMP Bank"

AMP director retires

ALLY SELBY  |  MONDAY, 23 MAR 2020
... the completion of the sale of the business to Resolution Life, however, he will retire from both the AMP Limited and AMP Bank boards, as well as the firm's Risk, Audit and Remuneration Committees. Rahoul Chowdry, who joined AMP's board at the beginning ...

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
International ratings agency Moody's has downgraded AMP Group, AMP Bank and AMP Life. AMP Group, AMP Bank and AMP Life were all downgraded from A2 to A3 and remains under review for downgrade. AMP Life's insurance financial strength rating was ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... taking in the first half of the financial year to address legacy issues and "position AMP for the future". AMP Capital and AMP Bank were the only two arms of the business that experienced growth, despite some of this offset the board decided not to declare ...

Fintech appoints former super fund chief

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... as a director of Credit Corp Group, Cuscal Limited and Ruralco Holdings. Previously, Vonhoff worked as a director at AMP Bank, Cabcharge, Tennis NSW and the Westpac Staff Superannuation Fund. She held senior executive roles at Westpac and AMP for 13 ...

AMP welcomes former PwC partner

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... serving on the board since October 2016 and during his tenure has held positions as non-executive director on the boards of AMP Bank and AMP Capital Holdings, as well as a member of the group audit risk, remuneration and nomination committees. Murray ...

AMP extends adviser deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... negative equity on their loans (as a result of the new proposed valuations) and those which had recently borrowed money from AMP Bank. "Planners were also seeking accurate data on grandfathered products and commissions, and in some cases needed time ...

AMP combines business units, appoints new boss

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... plan, and with Sally's decision to step down we have been able to accelerate our internal re-organisation." Outgoing AMP Bank chief executive Sally Bruce said: "I am extremely proud of my time with AMP and what we have delivered at AMP Bank since ...

AMP advisers to fight BOLR changes

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2019
... pay the same when the adviser retired. Further, many of AMP's advisers have taken on significant debt - largely through AMP Bank - in order to buy or expand their books. Macdonald said that, in many cases, advisers put up their family homes as security ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
... value of advice registers held by AMP, recognition of BOLR notices lodged prior to June 30 and expected credit losses on AMP Bank advanced loans to advice businesses. Throughout 2020 the group will also work to reshape the aligned AMP advice network ...

AMP announces new strategy, capital raise

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2019
... initiatives will see an annual cost-saving of $300 million by FY22, AMP said. The plan would also see AMP further integrate AMP Bank and wealth management as well as grow contemporary solutions in the wealth division. "We are reinventing our Australian ...