AMP Capital Investors enters into joint venture
AMP Capital Investors will enter into a joint venture with Brookfield Investment Management to create a global listed real estate and infrastructure group.
Mark O’Brien, a director of AMP Capital Investors, said the new joint venture, AMP Capital Brookfield, would add to its expertise in global real estate investment trusts and offer more capabilities for clients in listed infrastructure and property.
The joint venture will provide a robust governance structure to maximise efficient business management and strengthen the company’s capabilities, according to the release.
The joint venture will be headed by Nick Tannura as chief executive. He will be based in Chicago.
AMP Capital Investors and Brookfield Investment Management first partnered in 2002.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
