During a conference call with analysts following the result, MST Marquee analyst Lafitani Sotiriou challenged George over why AMP was staying in banking, particularly as the sector became more difficult and the costs of the business increased.
“It is pretty clear when you’re returning half, less than half of what others are delivering, we don’t seem to be getting an answer as to why you guys should be staying in banking,” Sotiriou said.
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