AMP revamp prompts departures
A realignment of AMP Capital's Global Infrastructure Equities team, aimed at strengthening the company's capabilities, has led to the departure of three senior staff members.
The company announced that Head of Infrastructure for Australia and New Zealand, Paul Foster, Head of Customised Accounts, Infrastructure, Chris Wade, and Head of Listed Debt, John Mitchell, will all leave AMP in the wake of a series of changes aimed at expanding international investment capability.
Boe Pahari, Global Head of Infrastructure Equity, announced the changes which will see 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 and 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.
"I'd like to thank Paul, Chris and John for their contribution to the business and I wish them well for the future," Pahari said.
"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."
Pahari said the infrastructure equities team had a "key role to play" in strengthening AMP's international capabilities.
"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," he said.
"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."
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