Dunne to depart AMP Capital
In what represents a significant change at AMP, the company has announced that AMP Capital chief executive, Stephen Dunne, will retire later this year.
The company announced Dunne's impending departure to the Australian Securities Exchange (ASX) this morning saying he had been in the CEO role at AMP Capital for 12 years and had joined AMP in 1994.
AMP chief executive, Craig Meller acknowledged Dunne's contribution to the firm saying he had led AMP Capital through a period of considerable change over the last ten years, including the strategic alliance with Mitsubishi UFJ Trust and Banking Corporation in 2012 and the long relationship with China Life Insurance Company.
The announcement said that a global search was underway to find a successor for Dunne.
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