Shareholders of AMP have gathered for the first time since the company completed the $A14 billion takeover of AXA Asia-Pacific.
While there was broad support at Thursday's annual meeting in Sydney for the biggest acquisition in AMP's history, many investors are still scratching their heads about where future growth in the share price and profits will come from.
AMP says it now has the scale, talent, and resources to offer a real alternative to the four major banks, but it is sticking with earlier forecasts that it will take at least a couple of years for the acquisition to lift profits.
In the shorter term, chairman Peter Mason says volatility on world financial markets could put the brakes on earnings growth.
All five directors standing for election were overwhelmingly endorsed and even a remuneration report received about 97% support.
