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
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Iress has increased its forecast adjusted EBITDA by $5 million for the 2023/24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.