AMP Capital has created a new managing director role for its Australian business and promoted its head of institutional.
Marsha Beck has been promoted to the new role, effective immediately.
Having joined in 2015, Beck was most recently leading AMP Capital's global consultant and account management strategy for Asia Pacific.
The move follows the departure of head of retail Manuel Damianakis. Damianakis was appointed to the same role at Franklin Templeton in January. the head of retail position at AMP Capital is yet to be filled.
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AMP Capital also confirmed that head of institutional Tim Nation has been appointed to the role of head of real estate distribution, Asia Pacific.
Whether the lead insto role will be replaced is yet to be determined, the fund manager said.
AMP Capital said the decision to introduce the new role was driven by the need to further strengthen resourcing in Australia and to curb the challenges faced by the business and the industry over the last 12 months.
AMP Capital director Asia Pacific Craig Keary said he is delighted Beck will be leading the client teams.
"While we reset and refocus our efforts domestically, it's important that we have the right leadership in Australia to navigate this period, ensure that we put clients at the centre of our business and set us up for future success," he said.
He added that Beck's strong customer advocacy and engagement skills will be important as AMP Capital repositions its Australian business.
"Having direct responsibility of Australia will deliver increased focus on establishing strong relationships with our key clients and partners while driving greater collaboration and integration across our Australian distribution and investment businesses," he said.
Beck has previously held roles with Fidante Partners and Perennial Investment Partners. She also currently serves as deputy chair on the board of CIMA Society of Australia.