A stronger AMP eyes the self-managed pie

AMP has regained an advantageous position in the wealth management sector through investing capital to cut costs. But there is work to be done if it wants a piece of the self-managed funds market.

Many Australian companies will need to duplicate the trial AMP has been through as it reconstructs its operations to adapt to the 21st century. We are all familiar with how media companies have had to adapt. AMP shows that the requirement for basic change extends over a wide net and in many cases it requires substantial investment. That’s why I found the KGB interview with AMP chief executive Craig Meller (to be published later today) fascinating.

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