AMP has announced it has made changes to its teams to centralise some business services within its investments and banking divisions across AMP and AMP Capital.
In a statement to Money Management, an AMP spokesperson said: “Our focus is on continuing to reshape the organisation to drive efficiency and support the delivery of AMP’s strategy to become a simpler, client-led organisation”.
While AMP could not confirm whether there would be any redundancies or when if any, it said it looked to be a more efficient organisation by bringing the human resource, legal function, and finance teams together to be a more centralised group.
AMP noted that it was looking at a range of opportunities to drive that efficiency and some of these opportunities would likely impact roles.
