Original article by James Eyers, Jessica Gardner
The Australian Financial Review – Page: 19 & 22 : 23-Aug-18
AMP’s incoming CEO Francesco De Ferrari will receive a base salary of $2.2m when he takes up the role in December, while his remuneration package also includes incentive payments. He faces a major challenge in turning around AMP’s fortunes in the wake of the banking royal commission’s revelations. De Ferrari is currently the head of Credit Suisse’s private bank in Singapore, and AMP chairman David Murray has praised the corporate culture at Credit Suisse. Shares in AMP closed $0.06 lower at $3.39 on 22 August, after the stock began trading ex-dividend.
AMP LIMITED – ASX AMP, CREDIT SUISSE AG, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, CREDIT SUISSE (AUSTRALIA) LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, BT FINANCIAL GROUP PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, MACQUARIE GROUP LIMITED – ASX MQG