AMP Capital Adopts New Name Collimate Capital
Posted on 02/10/2022
AMP Capital has taken a significant further step towards the demerger from AMP Limited with the announcement of a new brand name for the separated business. The new business will be called Collimate Capital when it lists on the Australian Securities Exchange (ASX) in the second half of this year. Collimate is a scientific term that means to make rays of light perfectly parallel.
Former AMP Capital chief executive Boe Pahari left the business after revelations of sexual harassment allegations.
The business is already well progressed in operating separately from AMP Limited, with its own executive leadership team, board and strategy. Respected board director and executive Patrick Snowball was announced as Chairman Designate and Andrew Fay as Deputy Chairman Designate of the demerged business in October 2021.
In June 2021, Shawn Johnson joined as AMP Capital CEO to set its growth strategy and lead the demerger of the business.
Keywords: AMP Ltd.
