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AMP Capital has made a number of appointments and changes to its Global Equities and Fixed Income business as it continues to develop new and strengthened investment capabilities to deliver the most valuable investment solutions for clients.
To provide greater proximity between research and portfolio construction and management in Global Fixed Income, AMP Capital Head of Macro Ilan Dekell will take leadership of all macro and core portfolio management activities. AMP Capital Head of Credit Sonia Baillie will lead all bottom-up credit portfolio management activities in addition to her credit research responsibilities.
Nathan Boon, currently AMP Capital Senior Portfolio Manager within Credit and Core, will be charged with driving improvements in AMP Capital’s portfolio implementation capability. Mr Dekell, Ms Baillie and Mr Boon will all report to Head of Global Fixed Income Simon Warner.
Two new roles have been created to support the new structure including a Senior Portfolio Manager within the Macro team to take overall responsibility for macro credit research and portfolio construction, and a Portfolio Analyst within the Credit team to further strengthen bottom-up credit portfolio management.
As a result of the new structure, the role of Head of Credit and Core, currently held by David Carruthers, is no longer required. Mr Carruthers has been an integral part of the Global Fixed Income team and made a significant contribution to the evolution of AMP Capital’s fixed income capability.
AMP Capital CIO Global Equities and Fixed Income Mark Beardow said: “AMP Capital’s Global Fixed Income team has been very successful during the past decade with widespread buy ratings, outstanding investment performance and an excellent group of investment professionals.
“The changes to Global Fixed Income build on the team’s existing strengths in quantitative macro investment processes and deep fundamental credit research to enable it to focus on continuing to deliver outstanding investment performance and creating more tailored client solutions.”
AMP Capital has also made changes to its equities business to reflect increased investor interest in listed real assets and a redesign of its offering towards providing more attractive risk-adjusted returns with an increased focus on client needs rather than benchmarks.
To deliver this, AMP Capital is bringing together its two listed real asset capabilities – listed infrastructure and listed real estate – under the leadership of Matthew Hoult in the newly-created role of Head of Global Listed Real Assets.
Currently Co-Head of Global Listed Real Estate, Mr Hoult will be responsible for developing new listed real assets products for investors including different combinations of listed real assets strategies. His role will also be focused on increasing collaboration between the listed real assets teams. This change is effective immediately and the role will report to David Allen, Global Head of Equities.
James Maydew, who is currently Co-Head of the Global Listed Real Estate team, will take on full responsibility for the team as the sole Head of Global Listed Real Estate.
Giuseppe Corona, currently Senior Portfolio Manager/Analyst in the Global Listed Infrastructure team, has been appointed to lead the team under the new structure, and will also report to Matthew Hoult.
As a result of the new structure, Tim Humphreys, who is currently the Head of Global Listed Infrastructure, will leave the role. Mr Humphreys has led the development of the Global Listed Infrastructure team and has delivered good long-term performance for clients.
Mr Beardow said: “Bringing the listed real assets businesses closer together is about more effectively delivering desired outcomes and generating alpha for clients. The new structure strengthens both the Global Listed Infrastructure and Global Listed Real Estate teams and leaves our broader listed equities teams well-placed to deliver the best investment outcomes for our clients.
“Combined, these changes support our 2020 strategy across the Global Equities and Fixed Income team. The strategy is about helping our clients meet their investment goals with more confidence, through generating differentiated sources of investment return, while also delivering more value. I wish to congratulate those team members with new roles and also thank those who are leaving their current roles for their contribution.”
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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.