AMP Capital has moved to further strengthen investment capabilities within its Global Equities and Fixed Income business with key appointments.
The company announced this week that in an effort to provide greater proximity between research and portfolio construction and management in Global Fixed Income, AMP Capital head of macro, Ilan Dekell will take leadership of all macro and core portfolio management activities, while AMP Capital head of credit, Sonia Baillie will lead all bottom-up credit portfolio management activities in addition to her credit research responsibilities.
The announcement said that Nathan Boon, currently AMP Capital senior portfolio manager within Credit and Core, will be charged with driving improvements in AMP Capital's portfolio implementation capability.
It said that Dekell, Baillie and Boon will all report to head of global fixed income, Simon Warner.
The AMP announcement said that, as well, two new roles had been created to support the new structure including a senior portfolio manager within the Macro team to take overall responsibility for macro credit research and portfolio construction, and a portfolio analyst within the Credit team to further strengthen bottom-up credit portfolio management.
It said that as a result of the new structure, the role of head of credit and core, currently held by David Carruthers, was no longer required.
Commenting on the changes, AMP Capital chief investment officer, Global Equities and Fixed Income, Mark Beardow said the firm's Global Fixed Income team had been very successful during the past decade with widespread buy ratings, outstanding investment performance and an excellent group of investment professionals.
"The changes to Global Fixed Income build on the team's existing strengths in quantitative macro investment processes and deep fundamental credit research to enable it to focus on continuing to deliver outstanding investment performance and creating more tailored client solutions," he said.
The announcement said AMP Capital had also made changes to its equities business to reflect increased investor interest in listed real assets and a redesign of its offering towards providing more attractive risk-adjusted returns with an increased focus on client needs rather than benchmarks.
It said that to deliver this, AMP Capital was bringing together its two listed real asset capabilities — listed infrastructure and listed real estate — under the leadership of Matthew Hoult in the newly-created role of Head of Global Listed Real Assets.
Hoult, who is currently co-head of Global Listed Real Estate, will be responsible for developing new listed real assets products for investors including different combinations of listed real assets strategies.
His role will also be focused on increasing collaboration between the listed real assets teams. This change is effective immediately and the role will report to David Allen, global head of equities.
James Maydew, who is currently co-Head of the Global Listed Real Estate team, will take on full responsibility for the team as the sole head of Global Listed Real Estate.
Giuseppe Corona, currently senior portfolio manager/analyst in the Global Listed Infrastructure team, has been appointed to lead the team under the new structure, and will also report to Matthew Hoult.
As a result of the new structure, Tim Humphreys, who is currently the head of Global Listed Infrastructure, will leave the role. Humphreys has led the development of the Global Listed Infrastructure team and has delivered good long-term performance for clients.