AMP mulls portfolio split up

AMP Ltd’s board plans a portfolio review of the Group’s assets and businesses as part of its transformation strategy to create “a simpler, leaner business”. Credit Suisse, Goldman Sachs and King & Wood Mallesons have been appointed AMP’s advisers to manage the review.

AMP Aust boss quits

AMP Ltd has accepted the resignation of AMP Australia CEO Alex Wade and confirms Wade will step down immediately.