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AMP NZ wealth faces ‘significant simplification’ after takeover pulled

Revenue and profit have both fallen at the trans-Tasman financial services company.

AMP’s New Zealand Wealth Management business faces a “significant simplification” after a US private equity firm last night pulled its proposed full takeover of the trans-Tasman financial services company.

AMP said today its underlying net profit after tax for the year to December 31,

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Hamish McNicol Thu, 11 Feb 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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AMP NZ wealth faces ‘significant simplification’ after takeover pulled
Investment,
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