AMP announces real estate retail leadership team
AMP Capital has appointed Mark Kirkland and Marco Ettorre to the leadership team for its retail real estate business, effective January, 2020.
The restructure was announced in August where the real estate business was realigned along with sector specialisations.
Kirkland would take the newly-created role of head of retail development and asset creation, with expanded responsibilities beyond master planning and delivery of projects to focus on coordinating AMP Capital Real Estate’s mixed-use asset creation capability.
He had been with AMP for seven years, with over 30 years’ experience in real estate including development, operations and construction.
Ettore would be joining AMP Capital from Lendlease to take on the role of head of retail and investments where he would be accountable for driving performance, innovation and cultural change through their integrated retail platform.
He would also be responsible for leading the property management, leasing and investment management teams.
Leaving the business would be Justine Hughes, head of asset and investment management; and Greg Antoniadis, head of shopping centre development.
Brett Williams, AMP Capital managing director of retail and real estate, said: “It’s exciting to announce two new roles for our retail business, and the two exceptional real estate professionals we’ve appointed.
“As we enter a new phase of the property cycle, we’re able to offer clients access to new, compelling development opportunities. Given Mark’s passion and well-regarded experience in development, he’s the perfect candidate to take on this opportunity to lead the next iteration and both deliver our pipeline and grow our development offer for clients.”
Recommended for you
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
Fund managers should work collaboratively with data providers to minimise greenwashing risks in their products as a positive ESG score can be a “gamechanger” for a fund’s demand with advisers.
Asset manager Janus Henderson has made two acquisitions in the ETFs and emerging markets space as it takes strategic steps to meet client needs.
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.
