Search
Close this search box.
Connect

AMP pays Batchelor A$2.1 million as payout heads for the courts

Australia
AMP
Legal, Operations

(Australia) – Struggling financial group AMP has sent former Chief Executive Paul Batchelor a final payout of A$2.1 million as the controversial payout seems set for the courts.The size of Batchelor’s payout had been rumoured to approach A$20 million, but the former Chief has been in dispute with AMP.

Batchelor criticised the payout, saying he was legally entitled to receive more than he has been paid. He said he was considering his options to challenge the payout.

Of the A$2.1 million, A$700,000 was taken out in tax.

Connect
with East

At East & Partners we work together as one firm to serve our clients wherever they need us.

Our collective knowledge and experience across global  markets helps us guide clients on the intricacies of each region while enabling cohesion across their global footprint. Apples with apples and pears with pears in complex and demanding financial services markets
globally.

Banking News | Subscribe
Lookup
subscribe
This field is for validation purposes and should be left unchanged.

The intelligence of leading decision-makers

Connect

NAVIGATE

SYDNEY | HONG KONG | SINGAPORE | LONDON

© 2024 East & Partners All Rights Reserved

Privacy Policy

Terms and Conditions

Website by

Chris&Co

Follow us on LinkedIn