Dunne to depart AMP Capital

19 May 2015
| By Mike |
image
image
expand image

In what represents a significant change at AMP, the company has announced that AMP Capital chief executive, Stephen Dunne, will retire later this year.

The company announced Dunne's impending departure to the Australian Securities Exchange (ASX) this morning saying he had been in the CEO role at AMP Capital for 12 years and had joined AMP in 1994.

AMP chief executive, Craig Meller acknowledged Dunne's contribution to the firm saying he had led AMP Capital through a period of considerable change over the last ten years, including the strategic alliance with Mitsubishi UFJ Trust and Banking Corporation in 2012 and the long relationship with China Life Insurance Company.

The announcement said that a global search was underway to find a successor for Dunne.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 3 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago