AMP Capital has announced changes to the Global Infrastructure Equity team to support the business’s next phase of growth, international expansion and the needs of an increasingly global client base.

AMP Capital Global Head of Infrastructure Equity Boe Pahari said: “When it comes to strengthening AMP Capital’s international investment capability, the Infrastructure Equity business has a key role to play. We have seen great momentum in the fundraising for our global infrastructure offering, which we launched last October, and there are also many more opportunities available to us going forward.

“Our priority now is to more closely align our global infrastructure offering and expertise in asset management and sector origination with the changing needs of our clients so we can capture these opportunities.”

The Global Infrastructure Equity team will increase its focus on products, services and functional expertise in Europe and Australia rather than on regions. As a result, Head of Infrastructure for Australia and New Zealand Paul Foster will leave the business. The role of Head of Infrastructure for Europe and the Americas, which was left vacant by Mr Pahari’s elevation to Global Head of Infrastructure Equity, will not be filled.

The Separately Managed Accounts and Origination functions will be merged and Michael Bessell, who is currently Global Head of Origination, will take on an expanded role as Head of Separately Managed Accounts & Origination, Australia and New Zealand.

The funds management team will also be combined to focus on delivering investment expertise across AMP Capital’s key sectors of energy/utilities, transport and airports. Michael Cummings, currently AMP Capital Infrastructure Equity Fund Manager, has been promoted to lead the team as Head of Australia and New Zealand Funds.

Social Infrastructure and Aged Care will be combined and headed up by Julie-Anne Mizzi, currently AMP Capital Community Infrastructure Fund Manager, as Head of Social & Aged Care, Australia and New Zealand.

Following these changes, AMP Capital’s Head of Customised Accounts, Infrastructure, Chris Wade, and Head of Listed Debt John Mitchell will also leave the business.

Mr Pahari said: “I’d like to thank Paul, Chris and John for their contribution to the business and I wish them well for the future. It is a reflection of the talent we have in AMP Capital’s Infrastructure Equity team that we have been able to expand responsibilities and promote from within. I look forward to working closely with Michael Cummings, Julie-Anne Mizzi and Michael Bessell in their new roles as we grow our business and seek to provide even better outcomes for clients.”