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3 Sep 2020 By Jennifer Hughes Follow @JennHughes13

Storied wealth management giant AMP put itself on the block days after Chairman David Murray quit over the promotion of an executive accused of sexual harassment. The firm has been lurching from problem to problem for years. Fixing culture and regaining trust is hard to do.

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Australian financial advisory company AMP said on Sept. 2 that it was putting all its assets under review, following "an increase in interest and inquiries.”

AMP Chairman David Murray and board director John Fraser both resigned on Aug. 24 following a shareholder backlash against the promotion of an executive, Boe Pahari, to run the AMP Capital division. Pahari stepped down from the role. The controversy erupted after it was discovered that AMP had previously punished Pahari for treating a female colleague inappropriately.

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