AMP Capital has today taken a significant further step towards the demerger from AMP Limited with the announcement of a new brand name for the separated business that reflects its rich heritage and new direction.
The new business will be called Collimate Capital when it lists on the Australian Securities Exchange (ASX) in the first half of this year. Collimate is a scientific term that means to make rays of light perfectly parallel. It is a metaphor for alignment, clarity and precision, which speaks to our vision and expertise in long-term value creation for our clients.
AMP Capital Chief Executive Officer Mr Shawn Johnson said: “This is an exciting step along our journey to establish a new brand as we continue to drive the business forward. Today’s announcement is a strong symbol of our ongoing progress towards demerger.
“The new brand matches our determination to work in parallel alignment with our clients, partners and communities to develop and deliver long-term, sustainable assets and returns. “As a demerged entity, Collimate Capital will provide a greater level of independence, stability and accountability to further enable the delivery of superior results for all of our investors and act on growth opportunities to raise equity and deploy new capital.”
The new brand is a further demonstration of AMP Capital’s deep conviction in the future of its private markets business under a new banner.
The business is already well progressed in operating separately from AMP Limited, with its own executive leadership team, board and strategy. Respected board director and executive Patrick Snowball was announced as Chairman Designate and Andrew Fay as Deputy Chairman Designate of the demerged business in October last year.
In June 2021, internationally respected asset-management executive, Shawn Johnson joined as AMP Capital CEO to set its growth strategy and lead the demerger of the business. In January this year, Nadine Lennie was announced as Chief Financial Officer, and will be joining the business in April 2022.
A new brand. A new era for our business. Focusing on alignment. Visit www.collimatecapital.com
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About AMP Capital demerger
In April 2021, AMP Limited announced the intention to demerge AMP Capital’s private markets businesses of Infrastructure and Real Estate to create a leading global investment manager with a strong track record in differentiated private markets asset classes, and leverage these capabilities to expand into attractive growth adjacencies.