AMP has sent out its demerger tome to its shareholders, and now all CEO Andrew Mohl has to do is wait for a shareholder vote. He told a Securities Institute gathering in Melbourne on Friday he’s confident the group is over the worst and “on the way back”, and that shareholders will support the plan.

The 580-page demerger document is as large and complex as AMP, he says, and the proposal “hits the sweet spot for everyone with a stake in AMP”.

The only possible cloud on the horizon right now is Westpac Bank, whose CEO David Murray is blowing lukewarm on speculation that he could make a move towards a merger with AMP. But Westpac hasn’t been buying AMP shares, he said – although subsidiary company BT owns 1.6% of AMP shares.

Mr Mohl didn’t make light of the impact AMP’s recent horror run has had on its brand and Australian business. Noting that the AMP brand is the pre-eminent wealth management brand in Australia and NZ, he added: “And it’s extraordinarily resilient.”

He said AMP is the first company in the UK to publicly provide capital adequacy information according to the new regulatory guidelines. “They aren’t even mandated yet.”