The demerger means AMP Capital’s global head of infrastructure equity, Boe Pahari, will leave the business after only being promoted to the role last year. Mr Pahari's was originally promoted to head AMP Capital, but was demoted following the publication of sexual harassment revelations by the AFR last year.Michael Sammells, who is currently the non-executive director of AMP Limited and current chairman of AMP Capital, will be the interim chairman of the offshoot.Mr Pahari's departure is the latest in a series of senior staff leaving the troubled company, with AMP's chief executive Francesco De Ferrari the next in line to depart.On Thursday, AMP's wealth management division reported $1.5 billion in net cash outflows, while the AMP Capital division saw a $2.9 billion funds outflow.AMP's share price was up 1.5 per cent to $1.14 by 12:20pm AEST, having jumped as high as $1.21 earlier in the session on the announcement.
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Mkt cap ! $2.867B | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.09 | $1.06 | $11.65M | 10.92M |
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| No. | Vol. | Price($) |
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| 7 | 57831 | $1.07 |
Sellers (Offers)
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| $1.07 | 9368 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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$1.07 |
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| $1.08 | $1.08 | $1.06 | 1926509 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| AMP (ASX) Chart |