AMP Capital CEO to retire after 20 years service

By AMP Capital media team

AMP Capital CEO Stephen Dunne has announced that he will retire from AMP Capital later in the year, after 12 years as Chief Executive Officer of the diversified investment manager.

AMP Chief Executive Officer Craig Meller acknowledged Stephen's substantial contribution to the company since joining AMP in 1994.

"Stephen has led AMP Capital through a period of considerable change in the sector both globally and domestically over the last ten years including the strategic alliance with Mitsubishi UFJ Trust and Banking Corporation (MUTB) in 2012 and the long relationship with China Life Insurance Company.

"AMP Capital has strong growth and investment returns driven by the internationalisation of the business with a reputation for its infrastructure and property investment capabilities that puts the customer at the centre of everything they do," said Craig Meller.

A global search is underway to identify an executive to lead the specialist investment manager which manages over $160 billion across a range of asset classes including equities, fixed interest, property and infrastructure.

AMP Capital is responsible for AMP’s investment management, investment performance and Asian expansion.

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Important notes

This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.

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