AMP board to release Pahari investigation report
The board of AMP Limited has reinforced its decision to appoint Boe Pahari to head up AMP Capital, issuing a statement to the Australian Securities Exchange (ASX) today saying that a 2017 employment complaint made against him had been taken seriously.
In doing so, it has said it is willing to release the Queen’s Counsel investigation report around the employment complaint and said it had contacted the complainant’s solicitors to seek her consent to release the report.
It said that Pahari had provided his consent.
The announcement said that the report would be redacted to remove names, initials and the job titles of any party, other than the complainant, Julia Szlakowski and Pahari.
It said that the current AMP board was advised of the matter prior to Pahari’s appointment as AMP Capital chief executive and another review was undertaken and that following that review all Board members were satisfied with the thoroughness of the investigation and the process that followed and that the consequences applied to Pahari were both significant and appropriate.
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.