AMP to Embrace AI Opportunity, Accelerate Wealth Business Growth

MT Newswires Live04-10 09:45

AMP (ASX:AMP) CEO Blair Vernon has outlined three near-term priorities for the company, including speeding up growth in its wealth businesses, reaping more benefits from artificial intelligence, and a greater focus on capital allocation and organizational efficiency, according to a Friday filing with the Australian bourse.

The company plans to push for organic growth in its wealth division through customer acquisition and retention, as well as by expanding its adviser partnerships.

It will also embrace the AI opportunity, an area where "no business can afford to sit on the sidelines," Vernon said.

"AI has been part of our business for nearly three years, and we need to continue to move fast to meet the accelerating pace of change," the executive said.

He added that AMP Bank will place a greater emphasis on optimizing its balance sheet to release additional capital for shareholders.

AMP shares gained 2% in recent Friday trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2626015273?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-10 09:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2626015273","market":"nz","top_or_hot":-1,"title":"AMP to Embrace AI Opportunity, Accelerate Wealth Business Growth","media":"MT Newswires Live","content":"<html><body><p> AMP (ASX:AMP) CEO Blair Vernon has outlined three near-term priorities for the company, including speeding up growth in its wealth businesses, reaping more benefits from artificial intelligence, and a greater focus on capital allocation and organizational efficiency, according to a Friday filing with the Australian bourse.</p><p>The company plans to push for organic growth in its wealth division through customer acquisition and retention, as well as by expanding its adviser partnerships.</p><p>It will also embrace the AI opportunity, an area where \"no business can afford to sit on the sidelines,\" Vernon said.</p><p>\"AI has been part of our business for nearly three years, and we need to continue to move fast to meet the accelerating pace of change,\" the executive said.</p><p>He added that AMP Bank will place a greater emphasis on optimizing its balance sheet to release additional capital for shareholders.</p><p>AMP shares gained 2% in recent Friday trading.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMP to Embrace AI Opportunity, Accelerate Wealth Business Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMP to Embrace AI Opportunity, Accelerate Wealth Business Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-04-10 09:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> AMP (ASX:AMP) CEO Blair Vernon has outlined three near-term priorities for the company, including speeding up growth in its wealth businesses, reaping more benefits from artificial intelligence, and a greater focus on capital allocation and organizational efficiency, according to a Friday filing with the Australian bourse.</p><p>The company plans to push for organic growth in its wealth division through customer acquisition and retention, as well as by expanding its adviser partnerships.</p><p>It will also embrace the AI opportunity, an area where \"no business can afford to sit on the sidelines,\" Vernon said.</p><p>\"AI has been part of our business for nearly three years, and we need to continue to move fast to meet the accelerating pace of change,\" the executive said.</p><p>He added that AMP Bank will place a greater emphasis on optimizing its balance sheet to release additional capital for shareholders.</p><p>AMP shares gained 2% in recent Friday trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2626015273","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2626015273","pubTimestamp":1775785518,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"AMP  CEO Blair Vernon has outlined three near-term priorities for the company, including speeding up growth in its wealth businesses, reaping more benefits from artificial intelligence, and a greater focus on capital allocation and organizational efficiency, according to a Friday filing with the Australian bourse.The company plans to push for organic growth in its wealth division through customer acquisition and retention, as well as by expanding its adviser partnerships.It will also embrace the AI opportunity, an area where \"no business can afford to sit on the sidelines,\" Vernon said.\"AI has been part of our business for nearly three years, and we need to continue to move fast to meet the accelerating pace of change,\" the executive said.He added that AMP Bank will place a greater emphasis on optimizing its balance sheet to release additional capital for shareholders.AMP shares gained 2% in recent Friday trading.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","AMP":"阿莫斯莱斯金融","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4135":"资产管理与托管银行","BK7112":"其它综合性金融服务","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","AMP.AU":"AMP LIMITED","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU0106831901.USD":"贝莱德世界金融基金A2","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","ARTY":"ISHARES FUTURE AI & TECH ETF","AIPO":"Defiance AI and Power Infrastructure ETF","AAQC":"Accelerate Acquisition Corp","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","AGIX":"通用人工智能 ETF-AGIX"},"translate_title":"AMP拥抱人工智能机遇，加速财富业务增长","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMP.AU":1.5,"AMP":1.5,"AIPO":1.5,"AAQC":1.5,"CHAT":1.5,"AGIX":1.5,"ARTY":1.5},"content_text":"AMP (ASX:AMP) CEO Blair Vernon has outlined three near-term priorities for the company, including speeding up growth in its wealth businesses, reaping more benefits from artificial intelligence, and a greater focus on capital allocation and organizational efficiency, according to a Friday filing with the Australian bourse.The company plans to push for organic growth in its wealth division through customer acquisition and retention, as well as by expanding its adviser partnerships.It will also embrace the AI opportunity, an area where \"no business can afford to sit on the sidelines,\" Vernon said.\"AI has been part of our business for nearly three years, and we need to continue to move fast to meet the accelerating pace of change,\" the executive said.He added that AMP Bank will place a greater emphasis on optimizing its balance sheet to release additional capital for shareholders.AMP shares gained 2% in recent Friday trading.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2626015273","isCrawlerRequest":true}