AMP Capital CEO to step down

AMP Capital chief executive Stephen Dunne will retire from the role after 12 years at the helm.

In a statement to the ASX, parent company AMP announced that Mr Dunne will depart the $160 billion fund manager later this year.

AMP CEO Craig Meller paid tribute to Mr Dunne and his “substantial contribution” to AMP since joining in 1994.

A global search is now underway for a replacement, the statement said.

InvestorDaily