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Showing 1 - 10 of 113 results for "AMP Bank"

AMP sees strong platform growth, AUM hit by volatility

ELIZA BAVIN  |  THURSDAY, 16 APR 2026
... target the retirement segment there, leveraging our retirement expertise and experience from Australia," Vernon said. AMP Bank GO deposits rose to $942 million, up $632 million on 4Q25. AMP said deposits are now expected to exceed $1.5 billion. "AMP ...

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
... to $106 million. The superannuation and investments underlying NPAT was also up 14.8% from $54 million to $62 million. AMP Bank saw underlying NPAT reduced by 9.8% to $55 million, compared to $61 million in FY24, reflecting the costs of scaling AMP Bank ...

AMP to relaunch SMSF property lending solution

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
AMP Bank is bringing back its residential self-managed superannuation fund (SMSF) property lending solution, SuperEdge, after removing it nearly a decade ago. AMP made the decision to remove the solution in 2018, as the SMSF lending sector was shifting ...

Morningstar DBRS expands into regional Australia

ANGELIQUE MINAS  |  WEDNESDAY, 29 OCT 2025
... agencies across the US, Asia and Australia. This includes his most recent roles as bank supervisor at APRA, as well as AMP Bank treasurer, global head of treasury for Macquarie Bank and managing director at Fitch Ratings. Wells also brings over 30 years ...

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
... jump in underlying profits, up 11.8% to $19 million. This was followed by Platforms which rose 7.4% to $58 million, and AMP Bank which had a 2.9% rise in profit to $36 million. The Superannuation and Investments unit held steady with $34 million in underlying ...

Linda Elkins joins AMP board, Slattery exits

MICHELLE BALTAZAR  |  THURSDAY, 7 AUG 2025
... and as a member of the group's Board Risk and Compliance, and Audit committees. She has also been appointed to the AMP Bank board. Elkins was national leader, asset and wealth management at KPMG, a role she held for six years prior to her retirement ...

AMP profit dives as advice business sale bites

ANDREW MCKEAN  |  FRIDAY, 14 FEB 2025
... underlying NPAT to $107 million, while its superannuation and investments arm lifted underlying profit 26.4% to $67 million. AMP Bank, however, reported a 22.6% decline in underlying NPAT to $72 million, due to "ongoing management of volumes and margin" ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... continue to carefully manage margins through restrained loan growth given the competitive funding environment," she said. AMP Bank saw its total loan book increase marginally in Q2 from $22.9 billion to $23 billion.

Advisers encouraged to engage with clients' kids

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... for them, and the same amount believe not owning a home will be detrimental to their long-term wealth in retirement. AMP bank group executive Sean O'Malley said fears around homeownership is a justifiable concern for younger Australians. "Building ...

AMP North adviser inflows rise 22%

ANDREW MCKEAN  |  THURSDAY, 18 APR 2024
... platform North reached $14.9 billion in AUM, continuing the strong growth trajectory since its launch in 2018." Meanwhile, AMP Bank's total book was down over the quarter to $23.5 billion from $24.4 billion the previous quarter which the firm said was ...
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