AMP Capital has announced changes to its global business model and leadership team to deliver even better services and support to clients.
The changes involve investing in distribution, emphasising investment expertise and developing a more global operating platform. They aim to accelerate AMP Capital’s growth and support the business’s international expansion.
AMP Capital CEO Adam Tindall said: “The global business model has been enhanced to help us to align our resources more effectively as we tailor our support and offerings across regions. It will assist us in better engaging with our clients and partners wherever they are located as we deliver an outstanding endto-end investment experience.
“The changes I’ve announced today are focused on building a stronger, more globally competitive organisation in order to achieve our goals. AMP Capital will continue to evolve as we invest in clientfacing functions and investment capabilities.”
AMP Capital will orient and bolster its distribution teams around client groups in three regions – Australia and New Zealand, the North-West region (Europe, India, Middle East and the Americas) and Asia – and has appointed an executive for each region.
Craig Keary, who currently leads distribution in Australia and New Zealand, becomes Director, Australia and New Zealand.
Boe Pahari will take on leadership of the distribution functions supporting the North-West region while continuing to manage the Infrastructure Equity business as Global Head Infrastructure Equity and Director, North-West. Managing the Global Infrastructure Fund remains a key focus of his role as well as maintaining the separation between the infrastructure debt and equity businesses.
Anthony Fasso, currently Director, International, will now focus on distribution and strategic partnerships in Asia and lead global coordination of client and consultant coverage. He will take on a new role as Global Head of Portfolio Strategy and Director, Asia. This role also incorporates corporate portfolio strategy responsibilities, which include seeking opportunities for inorganic growth to accelerate AMP Capital’s strategy.
AMP Capital will also bring its operations and finance functions under one combined Chief Financial Officer (CFO)/Chief Operating Officer (COO) role, which will be held by Margaret Payn, who is currently AMP Capital’s CFO.
The creation of the three regional distribution leadership roles and the introduction of a combined CFO/COO means the role of Director of Australia and New Zealand and COO, held by Sharon Davis, is no longer required.
Mr Tindall added: “Sharon has made an exemplary contribution to AMP Capital and AMP and I am working with her to consider other opportunities across the AMP Group.”
AMP Capital’s strong investment teams, led by Mark Beardow (Global Equities and Fixed Income), Carmel Hourigan (Property), Sean Henaghan (Multi-Asset Group), Andrew Jones (Infrastructure Debt) and Boe Pahari (Infrastructure Equity), remain unchanged.
AMP Capital is a specialist investment manager, with a heritage and strength in real estate and infrastructure, and specialist expertise in fixed income, equities and multi-asset solutions. AMP Capital has A$160 billion in funds under management as at 31 December 2015 and more than 250 investment professionals.
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.