Dunne to depart AMP Capital
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.
Recommended for you
The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day.
Equity Trustees has been selected as the responsible entity for two new funds, one from Coller Capital focused on private equity and a second investing in fixed income from FIIG Securities.
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.