The former head of AMP Capital's multi-asset group is on gardening leave after leaving his post.
AMP Capital head Grant Hassell told clients it was a decision made to simplify the provision of portfolio management and advice services.
Keith Poore, head of investment strategy and portfolio management in New Zealand, will now report directly to Sydney.
Verhaart said he could not yet say what his next step would be. "But I hope that's not far away."
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