As part of AMP Capital’s continued international expansion it has decided to end its joint venture AMP Capital Brookfield.
This decision allows AMP Capital to take full control of all aspects of the investment platform and follows a strategic review, according to Bahrain-based AMP Capital’s Head of Institutional Business, Middle East, Mr Piers Wheeler.
AMP Capital Chief Investment Officer David Kiddie said the decision is aimed at continuing to strengthen AMP Capital’s offer to clients both domestically and internationally.
“AMP Capital now has the investment capability to deliver full global portfolio management of listed real estate and infrastructure to our clients and partners,” Mr Kiddie said.
The global listed real estate and infrastructure teams will be able to access AMP Capital’s broader investment teams, enabling additional insights into global and regional trends.
The global listed real estate and infrastructure team will continue to manage more than A$5.5bn on behalf of clients.
In addition, AMP Capital has appointed senior investment professionals to add to the existing breadth and depth of experience in the teams.
Global listed real estate appointments
Importantly, all current AMP Capital Brookfield real estate investment professionals based in Sydney, Hong Kong and London will remain with AMP Capital.
Matthew Hoult has been appointed as AMP Capital’s Head of Global Listed Real Estate, based in Sydney. Mr Hoult has 14 years’ industry experience, and was formerly BNP Paribas Investment Partners Chief Investment Officer Global Property.
“Matthew brings significant experience to our global listed real estate capability and complements the team’s existing in-depth regional expertise,” Mr Kiddie said.
A team of listed real estate professionals based in Chicago has also been appointed to cover the Americas.
The team will be lead by Senior Portfolio Manager Joseph Pavnica, former BNP Paribas Investment Partners Head of American Real Estate. Mr Pavnica brings 15 years’ experience in equities analysis and portfolio management, including 11 years dedicated to the listed real estate sector.
Other new appointments to the listed real estate team are:
• Robert Thomas, Portfolio Manager/Analyst
• Matthew Hodgkins, Portfolio Manager/Analyst
• Dominic Cappellania, Portfolio Manager/Analyst
These new appointments boost the team to 15 listed real estate professionals.
Global listed infrastructure appointments
AMP Capital is proud to have one of the world’s most experienced listed infrastructure teams.
Tim Humphreys will become Head of Global Listed Infrastructure and assume portfolio management responsibility for AMP Capital’s global listed infrastructure strategies, supported by four analysts in Sydney and London.
The team of four analysts includes existing team members, Jonathan Reyes in Sydney and Joseph Titmus in London, as well as two new appointments which bolster the listed infrastructure team based in London:
• Kevin Scutt, Portfolio Manager/Analyst
• Giuseppe Corona, Portfolio Manager/Analyst
Mr Scutt brings over 24 years’ funds management experience, with a strong background in listed infrastructure investing.
Mr Corona has over 10 years’ funds management experience, including eight years with Bear Stearns Asset Management in New York.
“We continue to see increased demand for global listed real estate and infrastructure domestically and internationally and we already have a strong client base spread throughout the Middle East, Asia Pacific and Europe,” he said.
“There are significant opportunities in global listed real estate and infrastructure markets, particularly as the demand for yield and regular income grows.
“By bringing the global listed real estate and infrastructure capability wholly in-house, we now have a world class team, as AMP Capital enters an exciting growth phase,” Mr Kiddie concluded.
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