AMP Capital is appointing a new fund manager for its largest pooled real estate fund, the AMP Capital Diversified Property Fund, with the current person in the role to become COO of the firm’s realty platform.
Brett Williams is taking on the role from February next year, replacing Kylie O’Connor. Ms O’Connor will commence her role as chief operating officer of AMP’s $28 billion realty platform, reporting to Carmel Hourigan, global head of real of real estate.
Mr Williams has around 30 years of real estate experience, having most recently been the fund manager for GPT’s Wholesale Shopping Centre Fund.
After commencing his real estate career with AMP, Mr Williams later joined Lend Lease before taking on the role as head of investments where he was responsible for the overall performance of GPT’s $5-billion shopping centre portfolio.
Mr Williams also held the position as deputy chief investment officer having previously held senior roles across asset management, valuation, development, acquisitions and investment management.
With his retail experience, Mr Williams also sits on the board of the Shopping Centre Council of Australia.
AMP Capital Head of Real Estate Funds Management Chris Judd said this key appointment was made after an extensive search.
“I am pleased to welcome Brett to the team, whose deep and diverse real estate experience makes him the ideal candidate to drive the fund performance of our $6.3 billion retail, office and industrial portfolio for our clients,” Mr Judd said.
“It’s an exciting time for our real estate business which is reflected in our ability to attract such strong talent.”
Mr Judd added the next few years will be crucial for ADPF as the fund works on its portfolio and delivering developments such as Quay Quarter Tower in Sydney, Garden City Shopping Centre in Perth and Crossroads Logistics Centre in south-west Sydney.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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