AMP Capital has announced the formation of a new Public Markets business, which will include its listed equities, fixed income and multi-asset group (MAG) capabilities.
The newly-established entity would be expected to have A$140 billion in assets under management with 117 investment professionals onboard.
It would be led by Simon Warner, the current global chief investment officer for the fixed income business.
The interim leadership team would also include David Allen, global chief investment officer (CIO) of equities who would remain an integral member of the AMP Capital leadership team and would report to Simon Warner.
At the same time, Sean Henghan, global CIO of MAG, will go on a sabbatical in March 2019. However, he will continue to serve as a member of the AMP leadership team and will report to chief executive, Adam Tindall.
The changes are effective immediately and the Public Markets leadership team structure will be finalised by the end of November 2018.
AMP Capital said the move was part of a broader strategy to build a world-class public markets capability.
“Providing a dedicated focus on public markets will better help us deliver exceptional investment experiences for our clients,” Tindall said.
“The creation of a global public markets team aligns our capabilities to provide a holistic market offering, enabling us to deliver on our aspirations of becoming a global prominent investment manager.”
As of June 30, 2018, AMP Capital had A$189 billion in funds under management and employed more than 250 investment professionals.