The appointments expand the leadership group to reflect AMP Capital’s strategy to grow in the world’s largest asset management markets and ensure both clients and investment expertise are represented.

AMP Capital CEO Boe Pahari said: “AMP Capital’s success will be determined by our global representation, client centricity and strong heritage and foundation, and the appointments we have made today reflect that. We are building a client-led, globally integrated investment platform to further increase access to global capital and drive collaboration across our teams to deliver better outcomes for clients.

“We are drawing on the talents within our business and seeking to bring a diversity of views to the leadership group. This group will develop and execute AMP Capital’s new strategy. I’m excited by what we will achieve together, as we continue to export our investment excellence to a global market, particularly in real assets.”

Summary of the changes:

• Patrick Trears has been appointed Global Head of Infrastructure Debt, based in the US. The appointment reflects the importance of North America in infrastructure debt, which is one of our largest markets for current and potential clients and deal opportunities. Patrick, who is currently Head of Infrastructure Debt in the US, will succeed Andrew Jones, who will now leave AMP Capital.
• Tim Smith has been appointed Head of International Distribution. Currently head of American and European distribution, Tim will be elevated to the leadership group.
• Aideen O’Donovan has been appointed Chief Financial Officer, replacing Adrian Williams, who is stepping down from his role as the Acting Chief Financial Officer and Chief Operating Officer (COO) for personal reasons. Aideen is currently Head of Finance and will join the leadership group.
• Simon Joiner has been appointed Chief Operating Officer, picking up Adrian Williams’ COO duties. Simon is currently COO in the North West region and will expand his remit and join the leadership group. Adrian will take on the role of Global Transition Manager to oversee the separation of the functions until the end of the year.
• Simon Ellis, currently Partner, Infrastructure Equity has been appointed as Head of Americas. Partners Infrastructure Equity, Matt Evans and Ruben Bhagobati have been appointed Co-Heads of Europe. These three new roles in key international markets will look to drive growth across their respective regions, beyond their own investment capability roles.
• After five successful years of building the Real Estate business, Carmel Hourigan has decided to leave AMP Capital to take up a new role at Charter Hall. A process to replace Carmel has already commenced and Carmel will remain in the role to manage an orderly handover of responsibilities.
• With Madeleine Mac Mahon’s decision to resign after 12 years with the business, Lisa Hurley and Lauren Crystal, currently AMP Capital People & Culture Business Partners, have been appointed Co-Heads of People & Culture. Lisa and Lauren will be members of the leadership group.

There are no changes to the roles of: Managing Director Asia Pacific, Craig Keary; Global Head of Public Markets, Simon Warner; General Counsel, Yen Hui Tie; and Chief Risk Officer, Natalie Kooyman, who will all remain members of the leadership group.

Mr Pahari said: “I’d like to thank Madeleine and Adrian for the important role they have played in the development of AMP Capital. Andrew has done an outstanding job to build our infrastructure debt business, particularly the success of the IDF series. They each leave with our best wishes. I’d also like to congratulate Carmel on her new role and wish her every success for her new challenge.

“Pleasingly we’re able to take advantage of the deep pools of internal talent, and combined with our established leadership group, we will continue to build upon our culture underpinned by performance, excellence and inclusion.”

The leadership group announced today will develop and deliver AMP Capital’s strategy, to be announced at AMP’s Half Year results on 13 August 2020.

The post AMP Capital positions for further global growth appeared first on AdviserVoice.

Ruben Bhagobati

AMP Capital, on behalf of investors in its Global Infrastructure Equity strategy, has announced that it has made a further investment in the UK specialist care sector by acquiring Care Management Group (CMG).

This follows AMP Capital’s first investment into the UK health and social care sector, the acquisition of The Regard Group (Regard) in January 2018.

CMG provides residential and supported living services for adults with learning difficulties and mental health conditions, with 189 services across England and Wales.

CMG has a strong track record of providing high quality care to its service users, demonstrated through its Care Quality Commission ratings of 98% ‘Good’ or ‘Outstanding’. This commitment to high quality care aligns its approach with Regard, which has received 98% ‘Good’ or ‘Outstanding’ ratings.

Ruben Bhagobati, Partner at AMP Capital, said: “Our investment in CMG is consistent with our strategy of investing in essential services and complementary with our prior investment in Regard, particularly the emphasis on high quality care provision and a culture of supporting service users.

“We will continue to target opportunities for growth, including the development of new services where they are needed by individuals and communities, and offering staff an increased range of career development pathways.

“There continues to be significant demand for investment in UK health and social care. AMP Capital’s approach to infrastructure, established track record of responsible investment and strong ESG commitment underpins our focus on this important sector.”

AMP Capital has acquired 100% of CMG.

Dr Chai Patel, CBE, FRCP, Chairman of CMG’s former owners Court Cavendish, said: “I am delighted that AMP Capital have acquired Care Management Group. They share our deep commitment to service users and the value in developing and investing in our staff. I am immensely proud of the turnaround of CMG: in large measure it is a credit to the leadership and all the valued colleagues in the organisation. I wish you all well on your new journey ahead.”

The post AMP Capital makes additional investment in UK specialist care sector appeared first on AdviserVoice.