AMP Asset Managemnent brand disappears
The AMP Asset Management brand has now officially disappeared from the Aus-tralian market.
The AMP Asset Management brand has now officially disappeared from the Aus-tralian market.
From today, all of AMP’s funds management operations around the world will use the Henderson Global Investors brand. In Australia and New Zealand, operations will be known as AMP Henderson Global Investors.
AMP Henderson Global Investors says the change of name is designed to reflect the increasingly global nature of AMP’s funds management business. AMP man-ages about $275 billion around the world, including $69 billion in Australia, $170 billion in the UK and $12 billion in the US.
Spokesperson Stuart Guinness says the group is expanding internationally rapidly, including plans to significantly build its Asian operations. He says the group is particularly interested in Japan, Singapore, Hong Kong and Taiwan.
AMP bought Hendersons about two years ago and has been gradually restructuring AMP’s funds management operations to accommodate the UK-based investment giant.
Australian managing director Jack Ritch reports directly to worldwide managing director Roger Yates. Ritch’s predecessor Andrew Mohl formerly reported to AMP managing director Paul Batchelor.
Recommended for you
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
