In August 2020,  AMP announced to the market its intention to simplify the AMP Capital business to become a global private market investment manager competing alongside some of the largest managers in this space. We have completed significant work on this strategy to date.

           

 

PrivateMarketsCo* will become the consistent way we will refer to the demerging private markets business. PrivateMarketsCo allows us to demonstrate the plan to separate and gives us the ability to focus on the goal of becoming listed on the Australian Securities Exchange. While this is for the interim only, it demonstrates our move forward and our commitment to delivering a new future for our clients, our people and our future shareholders.

 

 

HALF YEAR RESULTS UPDATE

Read more about the PrivateMarketsCo separation as part of AMP’s overall transformation program.

TIMELINE

August 2020

Announcement to simplify our global investment business to become a global private markets investment manager

August 2020

Announcement of the transfer of the multi-asset group business to AMP Australia

April 2021

Announcement of AMP Capital’s demerger from AMP Ltd

June 2021

Shawn Johnson announced as AMP Capital CEO

July 2021

Announcement of the sale of the global equities and fixed income business to Macquarie Asset Management

August 2021

PrivateMarketsCo announced as the way we will refer to the demerging private markets business

H1 2022

PrivateMarketsCo new name, legal separation and listing on the ASX