Communication

AMP Capital announces new independent Chairman and additional independent Director

By AMP Capital media team

Not for release or distribution in the US

AMP Capital has announced the appointment of a new independent chairman and an additional independent director to its board.

John Nesbitt has been appointed Chairman of the AMP Capital Holdings Limited Board, replacing Vanessa Wallace.

Mr Nesbitt has most recently been the independent Chairman of the Boards of AMP Capital’s main Responsible Entity and Trustee. He has more than 40 years’ experience across sectors including investment management, banking, insurance, property, construction and infrastructure.

Debra Hazelton has also joined the board as an independent director. Ms Hazelton has extensive experience as a senior executive in the banking and financial services industry in Australia and Japan.

The prior Chairman Vanessa Wallace commented: “AMP Capital is striding forward under the great leadership of a diverse and highly-capable team. John has a deep knowledge of the business and has extensive financial services experience. I’m proud of the achievements we’ve made globally during my two years as Chairman and I know the business will continue to prosper under John’s stewardship.”

AMP Capital CEO, Adam Tindall, commented: “I would like to thank Vanessa for her leadership of the board, wise counsel and tireless support for AMP Capital. I’ve enjoyed working closely with Vanessa to drive our business forward around the world.

“I’m delighted to welcome John Nesbitt and Debra Hazelton to the AMP Capital Board. They bring significant industry expertise that will support AMP Capital’s strategy to become a pre-eminent global investment manager,” Mr Tindall said.

Appointment to AMP Capital’s main Responsible Entity and trustee boards

AMP Capital has announced changes to its main Responsible Entity (RE) and trustee boards. Ming Long has been appointed independent Chairman of the boards, replacing John Nesbitt.

Ms Long currently serves as an independent director on the main RE and trustee boards and was Chair of their Audit & Risk committees. She brings experience in funds management, real estate investing, property development and corporate governance.

Bob McKinnon has been appointed as an independent director on the main RE and trustee boards, and Chair of their Audit & Risk committees. Mr McKinnon brings experience as a former Chief Financial Officer and Group Executive Technology of large ASX-listed companies.

John Nesbitt biography
John Nesbitt is a non-executive director with more than 40 years’ experience across a number of sectors including investment management, banking, insurance, property, construction and infrastructure. During this time, Mr Nesbitt has held CEO, CFO and senior finance and business positions in Australia and Asia, the US and the UK. Most recently, Mr Nesbitt was CEO at Suncorp Banking & Wealth, having previously held the position of Group CFO for Suncorp Group Limited for a number of years. Prior to Suncorp, he was leading the private wealth division at Perpetual after being Group CFO for Perpetual Limited for four years and was also Chairman of the Perpetual Superannuation Board. He has 15 years’ experience in property infrastructure and construction, mostly with Lendlease Group. Mr Nesbitt has extensive governance experience of ASX-listed and private company boards including ME Bank, Australian Bankers’ Association Council and Australian Payments Council Member, amongst others.

Debra Hazelton biography
Debra Hazelton has more than 30 years’ experience in financial services across Australia and Japan. She has expertise across fixed interest, treasury, institutional banking, risk management and global financial markets. Most recently she spent three years in Tokyo leading corporate culture globalisation and global talent acquisition and development for Mizuho Financial Group prior to her retirement from full time roles in 2017. Ms Hazelton has also served in several leadership roles including CEO of Commonwealth Bank in Japan, and as Managing Director & CEO of Mizuho Bank Australia. Her non-executive director experience includes Australian Financial Markets Association (AFMA), Australia-Japan Foundation, Asia Society and Women in Banking and Finance. Ms Hazelton is educated in Japanese language, literature and philosophy as well as economics and finance.

Ming Long biography
Ming Long brings a wealth of expertise in funds management, real estate investing, property development and corporate governance to her role as a non-executive director. She has more than 20 years’ experience in financial services, real estate, media and financial management. Most recently, she was Group Executive and Fund Manager of the ASX-listed Investa Office Fund where she led the fund through Morgan Stanley’s sale of the Investa business. Ms Long has held various senior executive roles during her 11 years at Investa Property Group including Joint Managing Director, Group CFO and Executive Director on Investa’s funds management boards. She has served as a non-executive director on a number of boards including Chartered Accountants Australia and New Zealand, Diversity Council of Australia and was previously on the Finance & Audit Committee of the University of Sydney, and Property Council of Australia, including as President of the International Capital Markets Division Council.

Bob McKinnon biography
Bob McKinnon has more than 40 years’ experience in the financial services, property and technology sectors. He is currently a director at Mirin Group, a boutique technology advisory firm operating across the Asia Pacific. Previously, Mr McKinnon has served as Group Executive, Technology and Chief Information Officer of Westpac Group (2008 – 2011) and Commonwealth Bank of Australia (2000 – 2006). He has also served as Joint Managing Director and Chief Financial Officer of Brookfield Multiplex Group, Chief Executive of State Street Australia, Chief General Manager and Chief Financial Officer of MLC Group, Chief Financial Officer of Lend Lease Corporation and Non-Executive Director and Audit Committee Chair of Alesco Corporation.

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Important notes

While every care has been taken in the preparation of this article, AMP Capital Investors (UK) Limited, Registered Office at Companies House, 4th Floor Berkeley Square House, Berkeley Square, London W1J 6BX (no. 05524536) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This article has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this article, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This article is solely for the use of the party to whom it is provided.

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