Ms George said she was focused on building each of AMP’s businesses to “stand on their own two feet” and stressed that any cross-selling would be done with the consent of the customer, adding AMP was no longer a sales-focused business.
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“Currently in AMP, we’re not in the selling, selling, selling game,” she said. “I don’t think we should be offering any solutions to any customers who don’t need it. That’s why the consent would be really important.”
Alongside the results, AMP unveiled the new branding for its private markets business, Collimate Capital, which is set to be spun off, separately listed and rolled out globally in the first half of this year.
AMP confirmed it had received “inbound interest” to acquire AMP Capital, after failing to reach a deal with US investor Ares in 2020. “If there was any substantial interest, we would of course consider that in light of our fiduciary duties,” Ms George said.
