Search ResultsShowing 1 - 10 of 57 results for "AMP Bank"
AMP combines business units, appoints new boss
KANIKA SOOD  |  THURSDAY, 10 OCT 2019
... banking teams will assist in providing more holistic wealth services. The move follows Sally Bruce stepping down as AMP Bank's chief executive, effective November 1. The new entity will be led by Alex Wade as the chief executive of AMP Australia. ...
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 ...
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 ...
AMP board member retires
ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... remuneration committees and as non-executive director of the AMP Life Board. More recently, Roberts was appointed to the AMP Bank Board as chair of its bank audit committee and as a member of the AMP bank risk committee. Roberts is chief financial officer ...
AMP profits nose dive, dividends hit
KANIKA SOOD  |  FRIDAY, 25 JAN 2019
... million. "This comprises around $325 million from the retained businesses (Australian wealth management, AMP Capital, AMP Bank and New Zealand wealth management and advice) and a net operating loss of around $105 million from the businesses subject to ...
AMP ditches SMSF lending
KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
AMP Bank has pulled the plug on its SMSF lending business, joining CBA and Westpac. AMP will support current SMSF home loan customers. But starting November, they will not be able to switch to interest-only or refinance their loans. This leaves Macquarie ...
AMP profits nosedive, new board director announced
KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... - a fall of 98% over the previous corresponding period. AMP Capital grew operating earnings by 2.2% to $94 million. AMP Bank saw a 20% growth, with operating earnings of $ 78 million. At the same time, AMP announced former Treasury Secretary John Fraser ...
ABA appoints deputy chair
KANIKA SOOD  |  FRIDAY, 29 JUN 2018
... missed by all ABA member banks," ABA said in a statement. Before Bendigo Bank, Hirst worked with Colonial First State, AMP Bank and Westpac with 35 years' experience in retail banking, finance, financial markets, treasury and financial planning.
YBR appoints new general manager
ALEX BURKE  |  WEDNESDAY, 21 MAR 2018
... previously been head of sales and marketing at AMP. Before that, he was national sales manager, third-party distribution at AMP Bank, national sales manager at GMAC-RFC and director - wholesale at Resimac. He was also chief executive of Security Credit ...
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