AMP, a retail bank and leading wealth manager in Australia and New Zealand, has delivered a key strategic priority with the transfer of the Multi-Asset Group capability into its wealth business, creating AMP Investments.

The successful transfer creates an end-to-end super and investment platforms business within AMP.

Under the leadership of Chief Investment Officer, Anna Shelley, AMP Investments manages $84.7 billion in assets under management^[1], including the retirement savings of AMP’s superannuation and platform members, and investments on behalf of external institutional and retail clients.

This includes AMP’s flagship SignatureSuper, MySuper and choice superannuation products, including those offered as part of AMP’s workplace superannuation mandates and on the North wrap investment platform.

The Multi-Asset Group was formerly part of the AMP Capital investment management business.

CEO AMP Australian Wealth Management Scott Hartley, said:

“Establishing the AMP Investments capability within the Australian Wealth Management business is an important milestone for AMP’s transformation strategy.

“The team is overseeing investment management for AMP’s close to one-million superannuation members. 

“Anna Shelley is a highly regarded Chief Investment Officer and has assembled an outstanding investment team – a mix of former AMP Capital Multi-Asset Group, including AMP’s Chief Economist Shane Oliver, and outside talent. 

“The team has strong capability across all asset classes, including responsible investment, which will be an increasing focus as more and more Australians seek to align their investments with their values.

“Working closely with the Trustee, AMP’s business now has end-to-end oversight and accountability for investment management, including investment strategy, investment performance and ensuring member fees are competitively low.”

^{[1] At 30 April 2022}