Big Law

K&W Mallesons gets AMP governance gig amid royal commission scandal

Financial institution AMP has announced it will appoint King & Wood Mallesons to assist with a review of governance issues uncovered by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

April 20, 2018 • By Aleks Vickovich

Earlier this week AMP was castigated at the royal commission for admitting to at least 20 false and misleading statements made to the Australian Securities and Investment Commission over a seven-year period.

This content is available exclusively to Lawyers Weekly premium members.

INDIVIDUAL

Yearly

$ 49.00

per year

SUBSCRIBE NOW

INDIVIDUAL

Monthly

$ 5.00

per month

SUBSCRIBE NOW

Learn more about Premium Benefits and other offers

Username or Email

Password Forgot password?

Keep me signed in on this device.

Today the listed financial services giant has announced it will establish a committee to review the admitted misconduct, with King & Wood Mallesons appointed to advise the committee as external counsel.

The appointment follows the royal commission questioning the independence of a review previously conducted for AMP by rival firm Clayton Utz.

AMP has also announced that its group general counsel Brian Salter will be taking a leave of absence while the review is underway, with AMP lawyer David Cullen taking the reins.

VIEW ALL

During royal commission proceedings, Mr Salter was named as a key figure in the drafting of misleading statements.

AMP has announced that CEO Craig Meller will resign effective immediately in wake of the royal commission scandal.

Tags

You need to be a member to post comments. Become a member today

Got a tip for us?

If you have any news tips or stories to share, feel free to send them our way.

Lawyers Weekly - legal news for Australian lawyers

K&W Mallesons gets AMP governance gig amid royal commission scandal