[The Wrap] AMP lays out a bold future plan. Will it work?
Here's the plan in a nutshell its strategy is: "to create a client-led, simpler, growth-oriented business. The strategy includes an intent to further localise AMP Wealth Management New Zealand (including its majority-owned subsidiary AdviceFirst) and explore divestment to realise its value."
All credit to AMP for having a crack at trying to reinvent itself and rebuild from what has been a bit of a train wreck.
A number of people this week have commented how it's sad to see an institution with a proud history for most of its 150 years get into the state it is today.
If they pull off this transformation and rebuild it will be a must-read corporate case study.
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