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AMP Limited Financial Services

 

Company Name : ASX: AMP NZX: AMP
Type : Public
Traded As : ASX: AMP NZX: AMP
Industry : Finance
Founded : 1849
HeadQuarters : Sydney, Australia
Key_People : Craig Dunn (CEO)
Products : AMP: Financial Services, Capital Investors
WebSite : amp.com.au

AMP Limited is an Australia-based company which provides financial services. Though the company’s primary operation is in Australia and New Zealand, its subsidiary AMP Capital has its office in other countries including USA, UK, Singapore, Luxembourg, India, China, Hong Kong and Bahrain.

AMP Limited Financial Services History

In 1849 AMP Limited Financial Services was founded having the name as the Australian Mutual Provident Society. Then it was a nonprofit life insurance company and Mutual Society. Demutualization of the company happened in 1998 and it was listed on the stock exchanges of Australia and New Zealand. At the time of demutualization all policy holders of the company got shares in newly formed AMP Limited Financial Services and for this reason AMP has one of the largest share holder registers of Australia.

AMP Limited Financial Services Operations

Headquartered in Sydney, Australia, AMP Limited Financial Services operates mainly in finance industry and its products include

  • Financial planning and advice
  • Banking
  • Life insurance
  • Managed funds
  • Superannuation
  • Property
  • Listed assets and
  • Infrastructure

To its credit, AMP is the leading retail and corporate superannuation supplier in Australia. Its subsidiary, AMP Capital is the allied wealth manager, having more than $128 billion in properties under management which makes it one of the principal asset managers in the Asia Pacific region (excluding Japan).

There are three most important business units of AMP.

  • AMP Financial Services
  • AMP Capital and
  • AMP self-managed superannuation funds (SMSF)
  •  AMP Limited Financial Services Key People

    The following are some key people without whom AMP could not achieve its goal:

    • David Jones, who was the Foundation director in 1848
    • George King, who was the Chairman for 15 years from the 1850s
    • Richard Teece had played an important role. He was the General Manager and actuary from 1890s. He also remained a director from 1917 to 1927

    Currently, more than 6000 employees are working for the company across the globe.

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