AMP merges multi-asset arm with wealth business

Banking big AMP has transferred the Multi-Asset Group into its prosperity enterprise to produce AMP Investments, an conclude-to-finish super and financial commitment platforms procedure.

Beneath the leadership of main expenditure officer, Anna Shelley, AMP Investments manages A$84.7bn (£48.3bn, $60.9bn, €56.7bn) in assets beneath management, such as the retirement personal savings of AMP’s superannuation and system users, and investments on behalf of external institutional and retail clientele.

The Multi-Asset Group was previously portion of the AMP Capital financial commitment management enterprise.

Scott Hartley, chief govt of AMP Australian prosperity administration, stated: “Establishing the AMP Investments ability within the Australian prosperity management business is an important milestone for AMP’s transformation strategy.

“The workforce is overseeing investment decision management for AMP’s shut to one particular-million superannuation members.  The workforce has solid capacity across all asset lessons, like responsible investment, which will be an increasing target as far more and more Australians look for to align their investments with their values.

“Working closely with the trustee, AMP’s business enterprise now has end-to-stop oversight and accountability for expenditure administration, like expense tactic, expenditure functionality and making sure member fees are competitively small.”