Henderson goes global
The AMP Asset Management brand has now officially disappeared from the Australian 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 manages 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
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.