Banking giant AMP has transferred the Multi-Asset Group into its wealth business to create AMP Investments, an end-to-end super and investment platforms operation.
Under the leadership of chief investment officer, Anna Shelley, AMP Investments manages A$84.7bn (£48.3bn, $60.9bn, €56.7bn) in assets under management, including the retirement savings of AMP’s superannuation and platform members, and investments on behalf of external institutional and retail clients.
The Multi-Asset Group was formerly part of the AMP Capital investment management business.
Scott Hartley, chief executive of AMP Australian wealth management, said: “Establishing the AMP Investments capability within the Australian wealth management business is an important milestone for AMP’s transformation strategy.
“The team is overseeing investment management for AMP’s close to one-million superannuation members. The team has strong capability across all asset classes, including responsible investment, which will be an increasing focus as more and more Australians seek to align their investments with their values.
“Working closely with the trustee, AMP’s business now has end-to-end oversight and accountability for investment management, including investment strategy, investment performance and ensuring member fees are competitively low.”
