AMP Capital NZ lifts FY fee income by 34 percent on Axa inflows, stronger markets

Wed, 19 Jun 2013

June 18 (BusinessDesk) – AMP Capital Investors (New Zealand), the local unit of the Australian wealth manager, posted a 34 percent jump in fee income last year as it benefited from funds taken over from Axa Asia Pacific and improving market values. The Wellington-based funds manager had fee income of $49.1 million in calendar 2012, up from $36.8 million a year earlier, according to its financial statements. AMP acquired Axa Asia Pacific for A$13.3 billion in 2011, selling back the Asian units to French parent Axa SA. For AMP Capital NZ, the...

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