AMP Capital has announced changes to its leadership team to reflect the business's updated growth strategy and to continue to meet the needs of clients around the world.
AMP Capital CEO Stephen Dunne said:
"We are investing in the areas where we see the greatest opportunities to support our growth. The changes we're making will ensure AMP Capital is aligned internally as well as to external market forces in order to deliver for our clients as we continue to expand and internationalise the business."
A new role, Global Head of Infrastructure Equity, has been created to sharpen AMP Capital's focus on the significant investment opportunities in the northern hemisphere following the launch of the global infrastructure platform while maintaining its leading role in the important home markets of Australia and New Zealand. Boe Pahari, currently Head of Infrastructure - Europe and the Americas, has been appointed to this role, which will be based in London, and will join the AMP Capital leadership team. Mr Pahari will also assume responsibility for the Australian and Indian infrastructure equity teams.
Andrew Jones, Global Head of Infrastructure Debt, has been promoted to the AMP Capital leadership team in recognition of the growth of the infrastructure debt business.
As a result of these changes, the Australia-based role of Global Head of Infrastructure, held by Scott Davies, will no longer exist and Mr Davies will leave AMP Capital by the end of the year.
Mr Dunne said:
"AMP Capital is one of the world's most experienced global infrastructure managers and has been at the forefront of the development of infrastructure as an asset class in Australia and beyond. The decision to split the infrastructure debt and equity teams and have a member of the leadership team based in London reflects AMP Capital's commitment to our infrastructure business and recognises its importance as part of our global offering to clients."
"We're seeing great interest in the recently-launched global infrastructure platform and have raised more than US$1 billion for the Infrastructure Debt Fund II during the past year, which showcases the compelling investment opportunities across the asset class. These changes will ensure the strong team we have in place in Sydney, New Delhi, London and New York is well placed to harness these opportunities in both high-growth and mature markets on behalf of our clients."
AMP Capital will also streamline the end-to-end client proposition across its key markets. As part of this move, Anthony Fasso, AMP Capital Director, International, will head up the global product team while continuing to focus on international opportunities. Sharon Davis, who is currently AMP Capital's Chief Operating Officer, will become Director, Australia and New Zealand and take on responsibility for the Australian client teams, New Zealand operations and a new global marketing and communications capability. Ms Davis will retain responsibility for the investment services areas.
In addition, Executive General Counsel Prue Milne has decided to take a career break after 16 years of service and will step down in February 2015. Yen Hui Tie, currently AMP Capital Senior Legal Counsel, will take on the role of AMP Capital Head of Legal.
All new members of the AMP Capital leadership team will report directly to Stephen Dunne.
Mr Dunne said:
"I would like to thank Scott and Prue for their significant contribution to the business. Under Scott's guidance, the combined infrastructure equity and debt team has become one of the most active infrastructure management teams globally. Prue's outstanding work, often behind the scenes, has resulted in the successful completion of a number of reform programs and major transactions. I wish them both well for the future."