Australian insurance giant AMP has taken the advice of its UK corporate relations director - and closed his office.
Tony McGarahan is on gardening leave following his decision to leave after AMPs' London flotation was scrapped. 'My career aspirations could no longer be met and my role was no longer needed,' said McGarahan, who is reviewing several employment offers.
He was appointed by AMP UK chief executive George Trumball last year, to expand the group-level presence in the UK. Trumball left this summer and was replaced by former finance director, Paul Bachelor.
AMP head of UK media and PR Ken McKay said AMP had put on ice its decision to float in London, and confirmed a conclusion to the review of the company's UK communications would be reached 'in the next few weeks'.