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Update on New Zealand wealth management
Our business
08 May 2020
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AMP Limited today confirms it has ceased plans to divest its New Zealand wealth management business, following the economic and financial markets disruption caused by the COVID-19 pandemic.

New Zealand wealth management will be retained by AMP and will now focus on plans to develop and grow the business in its existing markets.

AMP held discussions with a number of interested parties regarding the divestment, but the offers received did not meet the company’s expectations.

AMP will provide a further update on New Zealand wealth management at the 1H 20 results in August 2020.

Contact details
Lachlan Johnston
+61 466 026 702
lachlan_johnston@amp.com.au
Contact details
Mark Roberts
+61 (0) 466 328 581
Mark.Roberts@ampcapital.com