AMP appoints former CBA boss David Murray as new chairman

AMP has moved quickly to try and rebuild its tattered reputation by appointing former Commonwealth Bank chief executive David Murray as its new chairman.

Mr Murray replaces former chairman Catherine Brenner who was forced to step down earlier this week in the wake of damning evidence at the banking royal commission.

AMP hit back today rejecting many of the assertions made at the commission, including any wrong-doing by Ms Brenner and form chief executive Craig Meller.

AMP also argued that ASIC, rather than the royal commission, should deal with the numerous allegations of breaches of the corporations act.

More to come.

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