AMP Capital appoints new head for its property business

AMP Capital today announced Carmel Hourigan as its new Global Head of Property.

Ms Hourigan will be responsible for delivering the strategy, growth and investment performance of AMP Capital’s $19 billion property investment and management business and replaces Adam Tindall, who was recently announced as the new Managing Director of AMP Capital when Stephen Dunne retires in October 2015.

Mr Adam Tindall said: “I am very pleased Carmel will be joining AMP Capital’s leadership team and heading our significant property business.

“Carmel is a property investment professional of the highest calibre and is highly regarded by those in the property and funds management industries. Her extensive experience in both wholesale managed funds and retail asset management will be invaluable in both driving investment performance and delivering our $5 billion development pipeline. I look forward to working with her as we look to continue to build strong, trusted relationships with clients and grow our business both domestically and internationally.”

Ms Hourigan has more than 20 years of experience in property and funds management, having held Managing Director, CEO and CIO positions in both public and private markets. She has served in senior positions at Lend Lease, Challenger and Colonial First State. Ms Hourigan joins AMP Capital from The GPT Group where she most recently held the role of Chief Investment Officer. She is also the Vice President of The Property Council of Australia.

Ms Hourigan said: “I am excited to be joining AMP Capital, which has a strong heritage in funds management and providing compelling property investment opportunities. I was attracted by the strength of the people, platforms and assets and look forward to building upon the underlying quality of the property business and taking it to the next level.”

Ms Hourigan will take over as Global Head of Property in early November 2015.