National Mutual Life Association of Australasia
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|
| Public | |
| Traded as | ASX: AMP NZX: AMP |
| Industry | Finance |
| Founded | 1849 as friendly society; 168 years ago 1998 as public company; 19 years ago |
| Headquarters | Sydney, Australia |
|
Key people
|
Craig Meller (CEO) Catherine Brenner (Chairman) |
| Products | Financial services |
| A$972 million (December 2015) | |
| Total assets | $110.4 billion (2015) |
| Owner |
HSBC (23%) JP Morgan (13%) National Nominees (11%) (December 2014) |
|
Number of employees
|
5,400 (December 2014) |
| Divisions |
AMP Capital AMP Financial Services AXA Asia Pacific |
| Website | www.amp.com.au |
AMP (ASX: AMP NZX: AMP) is a financial services company in Australia and New Zealand with superannuation and investment products, insurance, financial advice and banking products including home loans and savings accounts.
AMP formed in 1849 as the Australian Mutual Provident Society, a non-profit life insurance company and mutual society.
In 1998, it was demutualised and listed on the Australian and New Zealand stock exchanges. AMP has one of Australia’s largest shareholder registers, with most shareholders living in Australia and New Zealand. This is because when the society demutualised, all policy holders received shares in the new company. Its UK operation was the subject of a demerger in 2003, separating out the Henderson Group.
The company provides financial planning and advice, banking, life insurance, managed funds, superannuation, property, listed assets and infrastructure.
AMP is Australia's largest retail and corporate superannuation provider, and is the largest life risk business in Australia. One of AMP's subsidiaries, AMP Capital, is the aligned wealth manager, with more than A$128 billion in assets under management, making it one of the largest asset managers in the Asia Pacific (excluding Japan) region.
AMP has four main business areas:
David Jones was a foundation director in 1848.George King was chairman for fifteen years from the 1850s.Richard Teece was general manager and actuary from 1890 and a director from 1917 to 1927.
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