SYDNEY, AAP – AMP denies media reports that chief executive Francesco De Ferrari has resigned, but says he and the board are discussing the wealth manager’s future leadership.

The company on Friday said there had been no change to Mr De Ferrari’s position and he had not resigned.

Mr De Ferrari and the board were discussing strategy and leadership of the group for the business after its portfolio review, AMP said.

Shares have resumed trading after being paused on Thursday.

They were higher by 3.94 per cent to $1.38 at 1049 AEDT.