AMP Capital has brought its global portfolio management in-house after appointing eight senior roles for listed real estate and infrastructure and ending its joint venture with AMP Capital Brookfield.
Following a strategic review, AMP Capital has decided to take on full control of all aspects of the investment platform while adding to its global listed real estate and infrastructure teams, which manage over $5.5bn, in a bid to strengthen its client offer 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," said David Kiddie, AMP Capital chief investment officer.
All current AMP Capital Brookfield real estate investment professionals based in Sydney, Hong Kong and London will remain with AMP Capital, with new senior investment professionals also appointed.
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.
Also from BNP Paribas Investment Partners, Joseph Pavnica will lead AMP's Chicago-based real estate team as senior portfolio manager. Pavnica was BNP Paribas Investment Partners head of American real estate.
Robert Thomas, Matthew Hodgkins and Dominic Cappellania have all joined as portfolio managers and analysts for the real estate team.
AMP Capital has also added to its global listed infrastructure with Tim Humphreys to become head of global listed infrastructure.
Humphreys will have portfolio management responsibility for AMP Capital's global listed infrastructure strategies, supported by four analysts in Sydney and London including new portfolio managers and analysts, Kevin Scutt and Giuseppe Corona.
"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 Asia Pacific and Europe."
"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," said Kiddie.