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AMP - About the company

AMP is an acquired company based in Sydney (Australia), founded in 1849. It operates as a Commercial bank. AMP has raised $900K in funding. The company has 6163 active competitors, including 187 funded and 1442 that have exited. Its top competitors include companies like Truist, Bank of America and Citi.

Company Details

AMP is a commercial bank & wealth management company. Offers solutions and services such as financial advice, investment management, banking, superannuation, self-managed superannuation funds (SMSFs), life insurance, retirement income and investing. Their clientele includes individuals and businesses in Asia, the Middle East, Europe, the United Kingdom, and North America. In 2017, the company recorded revenues of $11.8B, and a net profit of $848M. In 2019, the company recorded annual revenues of $15.3B, and a net loss of $1.7B.
Social
XFacebook
Email ID
*****@amp.com.au
Phone Number
+61 **********
Registered Address
PYEWIPE FARM REDBOURNE ROAD,WADDINGHAM,GAINSBOROUGH,LINCOLNSHIRE,ENGLAND,DN21 4TG
Key Metrics
Founded Year
1849
Location
Sydney, Australia
Stage
Acquired
Total Funding
$900K in 3 rounds
Latest Funding Round
Ranked
Employee Count
5,600 as on Dec 31, 2017
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Ares Management (Mar 29, 2021)

AMP's acquisition details

AMP got acquired by Ares Management on Mar 29, 2021 at an acquisition amount of $1.03B.
Click here to take a look at AMP's acquisition in detail
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AMP's funding and investors

AMP has raised a total funding of $900K over 3 rounds. Its first funding round was on Mar 12, 2012. AMP has 4 institutional investors.

Here is the list of recent funding rounds of AMP:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Aug 2019
5797007
Post IPO
4112777
4522048
2896313
3611046
Mar 2015
9173942
Conventional Debt
4972464
7818494
9695470
9182208
Mar 12, 2012
1880857
Unattributed
9257247
8535153
8055730
2475736
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AMP's founders and board of directors

Founder? Claim Profile

AMP's employee count trend

AMP has 5,600 employees as of Dec 17. Here is AMP's employee count trend over the years:
Employee count trend for AMP
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AMP's Competitors and alternates

Top competitors of AMP include Truist, Bank of America and Citi. Here is the list of Top 10 competitors of AMP, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Truist
Truist
1872, Charlotte (United States), Acquired
Provider of wealth advisory services
$900K
79/100
2nd
Logo for Bank of America
Bank of America
1998, Charlotte (United States), Public
Commercial bank and asset management firm
-
78/100
3rd
Logo for Citi
Citi
1812, New York City (United States), Public
Provider of financial services including banking, markets, international, and wealth management
-
78/100
4th
Logo for Scotiabank
Scotiabank
1832, Toronto (Canada), Public
Commercial bank
-
76/100
5th
Logo for Citizens Bank
Citizens Bank
1828, Providence (United States), Public
Commercial bank
-
75/100
6th
Logo for Charles Schwab
Charles Schwab
1971, El Paso (United States), Public
Commercial bank
-
75/100
7th
Logo for United Community Bank
United Community Bank
1950, Blairsville (United States), Acquired
Provider of personal and business banking, mortgage, and wealth management services
$490M
73/100
8th
Logo for J P Morgan
J P Morgan
1799, New York City (United States), Public
Provider of financial services for corporations and individuals
-
73/100
9th
Logo for KeyBank
KeyBank
1849, Cleveland (United States), Public
Provider of personal banking, small business, and wealth management services
-
71/100
10th
Logo for Coastal Community Bank
Coastal Community Bank
1997, Everett (United States), Public
Community bank offering business and personal banking solutions with digital innovation
$6.61M
71/100
36th
Logo for AMP
AMP
1849, Sydney (Australia), Acquired
Commercial bank
$900K
66/100
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Looking for more details on AMP's competitors? Click here to see the top ones

AMP's Investments and acquisitions

AMP has made 3 investments in companies including Employment Hero and Voxon. AMP has also acquired 1 companies including Justsuper.
Here is the list of investments & acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Nov 14, 2016
Investments
2014
Sydney (Australia)
Jul 16, 2015
Acquisition
2004
Glen Waverley (Australia)
Nov 26, 2014
Investments
2012
Adelaide (Australia)
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See all investments by AMP

News related to AMP

lockFilter this list
Media has covered AMP for a total of 11 events in the last 1 year, 4 of them have been about company updates.
Wealth Manager's Profit Offers Good NewsThe West AustralianFeb 12, 2026AMP
AMP launches new series of fundsFinancial StandardDec 08, 2025AMP
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