AMP releases further details of Pahari report

The independent report has been the subject of heated debate after Mr Pahari’s accuser, Julia Szlakowski, questioned AMP’s characterisation of the incident as a ‘low level breach’. 

AMP has now released the report’s conclusion – the full report has not been publicly released – and said that it still believed the matter was “dealt with appropriately” in 2017. 

“For these reasons I find that there was poor judgement exercised by [Boe Pahari] during this evening and one moderate and two minor incidents which overall added up to a relatively modest breach of the AMP Workplace Behaviour and Equal Opportunity Policy,” Andrew Burns QC wrote. 

“However, this involved a senior manager who ought to have been observing a high standard of equality and diversity practice and who ought to have had a much better understanding of how his actions might be perceived by and may affect a junior colleague.”

AMP said a “range of actions” were applied upon receipt of the report and that a settlement was reached with Ms Szlakowski in March 2018 when she left AMP Capital.

“I deeply regret the events in 2017, and I apologise to Julia Szlakowski,” Mr Pahari said. 

“I also acknowledge the significant impact the matter has had on our clients, our people, and AMP’s shareholders. I have decided to stand down as AMP Capital CEO in the interests of all parties, and to minimise disruption to the business."