No change for De Ferrari role at AMP
AMP has stated that chief executive, Francesco de Ferrari, has not resigned from the firm but was in discussions with the board, including the leadership of the group.
In a statement, the firm said there had been no change to his position, contrary to reports yesterday that he had resigned.
“AMP confirms there has been no change to the CEO’s position and that Mr De Ferrari has not resigned,” it said.
“The board and Mr De Ferrari are working together and constructively discussing the future strategy and leadership of the group, post the completion of AMP’s portfolio review. These discussions are ongoing and AMP will provide updates as required.”
Recommended for you
As reports flow in of investors lining up to buy gold at Sydney’s ABC Bullion store this week, two financial advisers have cautioned against succumbing to the hype as gold prices hit shaky ground.
After three weeks of struggling gains, this week has marked a return to strong growth for adviser numbers, in addition to three new licensees commencing.
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
KPMG has revealed how much CEO and chief investment officers at Australian family offices are earning, both in salary and bonus, and how they compare to international peers.

