AMP has confirmed it will be retaining its New Zealand wealth business and will now focus on plans to develop and grow the business in its existing markets.
The group reported it held discussions with a number of interested parties regarding the divestment, but the offers it received did not meet its expectations.
AMP has promised a further update on the Kiwi wealth management segment at its first half results in August.
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AMP CLOWNS
Another step towards oblivion, lets hope that the senior management feel the pain and suffering they have forced onto others.
#AMPirrelevant
Firesale. No takers?
Since when was AMP considered a “Major Bank”. Maybe in their dreams.