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Search ResultsShowing 1 - 10 of 82 results for "AMP Bank"
Key AMP executive resigns
KARREN VERGARA  |  TUESDAY, 15 DEC 2020
The head of SuperConcepts and AMP Australia's managing director of superannuation, retirement and platforms is leaving the organisation, parent company AMP has confirmed. Lara Bourguignon is the managing director of superannuation, retirement and ...
Bumpy quarter for AMP
KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... management arm on the other hand saw AUM marginally increase to $11.8 billion. Net cash outflows stood at $13 million. AMP Bank recorded a $52 million inflow, bringing deposits to $17 billion, which offset lower retail deposits. Wealth management platform ...
Ratings deteriorate at AMP
ALLY SELBY  |  FRIDAY, 2 OCT 2020
... wealth management giant. The ratings house lowered its ratings on AMP Group Holdings, AMP Group Finance Services and AMP Bank from A3 to Baa2. However, it shifted its outlook of the group from review for downgrade to stable. AMP responded to the downgrade ...
S&P downgrades AMP
ELIZABETH MCARTHUR  |  TUESDAY, 8 SEP 2020
... Group have been hit with a credit downgrade from S&P. S&P downgraded AMP Limited and AMP Group Holdings from BBB to BBB-. AMP Bank also got a downgrade, from BBB+ to BBB. However, the outlook for AMP Group improved from "creditwatch with negative implications" ...
Boe Pahari steps down
ELIZA BAVIN  |  MONDAY, 24 AUG 2020
... and is a member of the remuneration, audit, nomination and risk committees. At the same time, she was appointed to the AMP Bank board and is a member of its audit and risk committees. In addition, Hazelton was appointed to the AMP Capital board in June ...
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 ...
Calls to investigate treatment of AMP advisers
ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
ASIC has come under pressure from a Senator to look into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton ...
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 ...
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