AMP scandal expected to spark asset sell-off
Revelations of malpractice by the Australian investment and pensions firm will reverberate across Asia, where it has a big base of clients and partners. The group is tipped to be split up.
Big institutional investors will be keen to acquire parts of AMP's business if, as expected, the Australian financial services group is broken up after a malpractice scandal has come to light at the firm, say industry observers.
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