Aug 6, 2026 – 2.00pmAMP chief executive Blair Vernon says the wealth management giant is focused on returning capital to shareholders after a stellar result in the first six months of the year, hosing down persistent suggestions that the storied financial services firm would pursue a string of major deals.Vernon, outlining his first result as chief executive, announced a $150 million share buyback weeks after AMP completed its last, boosting dividends to 3¢ for the half year, partially franked, as profits surged in the period.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
AMP brings investor joy with ‘ripper’ results, $150m buyback splurge
But the wealth manager’s chief executive Blair Vernon hosed down suggestions the firm could sell its banking division, or make a play for Colonial First State.
TL;DRAI
AMP announced $150m buyback and 3¢ half-year dividends (partially franked) after strong H1 results under new CEO Blair Vernon. Capital returns over M&A signal wealth management sector caution, affecting fintech partnerships.
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