AMP talking to potential buyers of NZ wealth business

By Jenny Ruth | Thu, 13 Feb 2020


AMP said the divestment process of its New Zealand wealth management business is well underway and that it is "in discussions with a number of interested parties."It expects to provide a further update at or before it reports its first-half results for 2020 – that should happen in August.The Australia-based financial services company said the mandate for divesting the New Zealand business is "to maximise shareholder value."Chief executive of the New Zealand business, Blair Vernon, said his management team is actively involved in discussions wit...