AMP Capital has announced changes within its aviation infrastructure asset management team, with the appointment of Dan Fitzpatrick as Investment Director, following the promotion of David Dowling to Managing Director of Airports.
Mr Fitzpatrick will join AMP Capital from North Queensland Airports where he held the position of Corporate Finance Manager, responsible for long term forecasting, shareholder and bank relationship management and board reporting.
At AMP Capital, he will work alongside David on the airport portfolio’s asset management strategy, client relationship management, and future transaction activity.
Commenting on the appointment, AMP Capital’s Global Co-Head of Core Infrastructure Equity Michael Cummings said, the changes within AMP Capital’s Airports team would maintain the business’ leading position in the sector and allow it to take advantage of opportunities as they arise.
“The promotion of David and appointment of Dan enables us, particularly in a post Dexus acquisition world, to continue to drive sustainable and long-term value outcomes from the management of our existing airport infrastructure assets and future growth opportunities.”
“Dan’s understanding of aviation as a previous strategy leader at Melbourne Airport, where he managed annual strategic planning and forecasting, shareholder relationship management and major customer negotiations underpins his sector credentials, and complements David’s exceptional portfolio management expertise.”
AMP Capital’s domestic Airports team manages a 27.32% investment in Australia Pacific Airports Corporation Limited (parent entity of Melbourne Airport and Launceston Airport) and a 50% investment in Port Hedland International Airport.
Mr Fitzpatrick will join AMP Capital on Monday 15 August.
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In April 2022, AMP Limited announced that the AMP Capital/Collimate Capital real estate and domestic infrastructure equity business would be sold to Dexus Funds Management Ltd (Dexus), a leading Australian real estate and asset management group.