AMP's Mohl says group not looking to exit UK market

By NZPA

Thursday 3rd October 2002

AMP Ltd's chief executive Andrew Mohl said the financial services giant was not looking to exit the United Kingdom market.

Mr Mohl reiterated he was focused on driving up the return on capital in AMP's UK Financial Services business.

"My view is that, with 20:20 hindsight, we wouldn't have invested as much capital in the UK as we have," he said.

"In light of the prolonged bear market there, no-one would have.

"The fact is, we have a substantial financial services business in the UK and we are focused on improving its profitability and returns.

"Right now we are committed to fixing the problems, not looking for an exit."

No comments yet

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News: