Real Estate

AMP Capital appoints new head for its property business

By AMP Capital media team

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.

 

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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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