Mr Kiddie will lead the Perpetual Investments business including the investment management, distribution, product and operations teams. Perpetual Investments has $28.4 billion[1] of funds under management. He replaces Michael Gordon whose retirement was announced in August 2015.

With an investment management career spanning more than 30 years in Australia and overseas, Mr Kiddie is a strategic investment management leader. He has managed investments for clients and teams across multiple geographies, is experienced across all asset classes and cycles and has a deep understanding of the Australian market. Since 2014, Mr Kiddie has been the Chief Executive Officer of BNP Paribas Investment Partners’ institutional business, based in the UK. For five years prior to BNP Paribas, he was Chief Investment Officer for the Multi-Asset and Investment Specialist Team at AMP Capital, building on a career with well-regarded global investment managers including ABN Amro Asset Management, Baring Bros & Co and NM Rothschild & Sons. Mr Kiddie will be relocating to Sydney with his family.

Perpetual CEO and Managing Director Geoff Lloyd said, “David is a first class global investment professional and I’m delighted to welcome him into our executive leadership team. He has the experience, credibility and leadership capability to ensure we maintain our strong growth in Perpetual Investments. He also brings extensive knowledge of the Australian market from his experiences here.

“David has a clear agenda to grow our global equity, multi asset and credit businesses which have leading capability and consistent, strong performance, while maintaining Perpetual Investments’ leadership in Australian equities, where we have consistently delivered strong performance to clients for nearly 50 years and our team is as strong as it has ever been,” said Mr Lloyd.

“As we embark on our Lead & Grow strategy, we are all aware of the sizeable opportunity ahead of us. We have a track record for setting a very clear agenda and diligently delivering on our strategy and David will now be a key part of that,” he said.

Mr Lloyd restated his appreciation for the significant contribution made by Michael Gordon, who will leave the group in late February.

“Anyone who knows or has worked with Michael Gordon will understand our deep appreciation for the experience, insight and leadership he has brought to Perpetual. We wish him well as he retires from executive life and looks to build a non-executive portfolio,” Mr Lloyd said.

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[1] As at 30 September 2015

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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.

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$5.5 billion 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 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 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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AMP Capital has recruited a number of leading investment professionals who will join the firm shortly. A new and stronger investment team will also allow AMP Capital to explore the launch of new Australian fundamental equity products to meet client demand, including concentrated, income and long/short strategies.

The new team, led by AMP Capital Head of Fundamental Equities Ella Brown, will involve merging the existing Sustainable and Capital equity teams. Existing AMP Capital investment professionals who will join the team are Jonas Palmqvist, Andrew Lally, Adrian Lemme, Carlos Castillo and Thomas Young.

Three senior external appointments have been made and an additional interim resource will also support the team. Gian Pandit and Michael Price will join as Senior Portfolio Managers, Phillip Hudak will join as Portfolio Manager/Analyst, and Ed Rayner will be seconded from AllianceBernstein for six months.

AMP Capital Chief Investment Officer David Kiddie said: “The experienced investment talent we have attracted combined with the newly integrated team ensures we are well placed to deliver contemporary investment strategies and outstanding investment outcomes to clients.

“Gian and Michael are highly regarded portfolio managers with proven performance track records while Phillip brings experience and expertise in the small/mid cap space,” Mr Kiddie said.

Gian Pandit will join AMP Capital in November 2011 from ING Investment Management. His focus will be developing AMP Capital’s capabilities in long/short and concentrated fundamental equities strategies. Mr Pandit most recently spent three years as Senior Portfolio Manager at ING Investment Management, where he successfully managed ING’s Select Leaders Trust, a concentrated portfolio. Mr Pandit also ran ING’s highly rated Extended Alpha Australian Share Fund, a 130/30 strategy. Prior to joining ING, he held positions as Fund Manager at both Consolidated Press Holdings and Boundary Capital and spent 12 years with Deutsche Bank in a range of investment roles.

In early 2012, Michael Price will assume responsibility for the AMP Capital Sustainable Share Fund and will develop an income-focused Australian equity strategy. Mr Price joins AMP Capital from ING Investment Management where he held a range of roles over 17 years. His responsibilities included portfolio management for the highly recommended ING Sustainable Investment Fund which he has managed since 2005, as well as the ING Imputation Fund. The sustainable fund managed by Mr Price was named Fund of the Year by Ethical Investor in 2009.

Phillip Hudak will join in early 2012 specialising in small/mid cap stocks. Mr Hudak has spent the last year with ING Investment Management in its small caps team. Prior to this, he spent three years with MIR Investment Management as an analyst and six years as an investment consultant with Russell Investment Group.

An additional interim resource will be added to support the team with Ed Rayner seconded from AllianceBernstein for six months. Mr Rayner will continue to manage AXA’s investments in the Australian Growth and Australian Industrials strategies. He brings 16 years of international investment experience gained at AllianceBernstein, UBS Brinson and JP Morgan Investment. Mr Rayner will collaborate with the AMP Capital Australian Fundamental Equities team on stock, sector and domestic equity market views.

AMP Capital’s Environmental, Social and Governance (ESG) Research team will continue to be led by Dr Ian Woods, and includes Mans Carlsson-Sweeny and Karin Halliday. The team will continue to provide research and insights to the AMP Capital Sustainable Share Fund. The team’s remit will also be expanded to ensure their well-regarded proprietary ESG research is applied more broadly across investment strategies. The team will report to Ella Brown.

As a result of these changes today Greg Barnes, Alvin Chan, Chu Kwa and David Berthon-Jones will leave the Capital team and Will Riggall will leave the Sustainable team.

“We remain committed to continally improving our value proposition for clients and ensuring our investment teams are best placed to deliver strong medium and long-term results. The new Australian Fundamental Equities team will help us deliver on this commitment and bring contemporary products and solutions to the market,” Mr Kiddie said.

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