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Search ResultsShowing 1 - 10 of 65 results for "AMP Bank"
Wealth manager takes massive profit hit
ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
... COVID-19. The wealth manager reported an underlying profit for all businesses, including Australian wealth management, AMP Bank, AMP Capital and New Zealand wealth management, of $140-150 million. For the same corresponding period last year, AMP posted ...
AMP hit with credit downgrade
ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
... rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications. The rating assigned to AMP Bank remains unchanged by S&P at BBB+. The change to the credit rating is a response to the AMP Life Limited sale which settled ...
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
... 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
... 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 thanked ...
AMP extends adviser deadline
JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... 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 to consider ...
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
... 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 in ...
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