AMP’s Credit Suisse old boys pursue private bank model
Wealth editor
Oct 10, 2019 – 6.05pmSave
AMP’s shares hit a record low on Thursday afternoon after a major shake-up of its banking and wealth arms failed to arrest the embattled wealth company’s downward spiral.
As part of chief executive Francesco De Ferrari’s transformation strategy,
Full article at: https://www.afr.com/companies/financial-services/amp-s-credit-suisse-old-boys-pursue-private-bank-model-20191010-p52zi9
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Sep 13, 2021 – 5.00amSave
“I think it’s sad they’re leaving,” former AMP Australia chief executive Alex Wade said of the big four banks’ retreat from the business of wealth management in January last year. “I think there is a big problem and I think it is better for Australia that there is a strong advice offering.”
It was an attempt by the former Credit Suisse banker and short-lived boss of AMP’s domestic wealth and banking division – who abruptly left the business under a cloud following allegations of inappropriate conduct last year – to steal the moral high-ground and make it clear at that time that th… more at