Shakeup for AMP

By RICHARD BRADDELL

WELLINGTON - A management shakeup at AMP Banking has made two managers redundant with another two leaving the company and three moving elsewhere in the AMP group.

Gary Morrison, the newly installed acting country manager, would not name the redundant staff, but confirmed that deputy managing director Philip McIntyre, national sales manager Patrick Middleton and two middle managers had left the company.

He said the move by former managing director Robyn Clubb to a senior general management position in AMP's Asian development operations was purely coincidental to the restructuring plans.

Asked about his own position, he said it remained to be seen whether he would become a permanent appointee.

"My objective at the moment is to consolidate a business which has been going through a rapid development," he said.

Explaining why AMP Banking had taken a relatively low profile in the past year, he said it had been preoccupied with integrating the retail business, including $300 million in mortgages acquired from Citibank, Ergo and AMP-Ergo Mortgage and Savings, into AMP Banking's platform.

With systems and banking solutions in place, AMP Banking was now active in the marketplace.