AMP Capital has restructured its real estate business, having realigned its specialist segments and creating two new managing director roles for its retail, and office and logistics divisions.
Global head of real estate Carmel Hourigan said the new integrated sector specialisation structure and bolstered client focus will best enable AMP Capital to achieve its growth strategy.
Each new head will be held responsible for fund, investment, property and development management in their sectors.
Current fund manager for the AMP Capital Diversified Property Fund (ADPF) Brett Williams has been appointed to the new role of managing director of retail.
He will lead AMP Capital’s entire retail platform including its shopping centres asset management platform as well as the wholesale pooled funds with retail exposure, the AMP Capital Shopping Centre Fund as well as ADPF.
The segment will also have a newly formed position of head of retail, filled by Mark Kirkland. He will work with Mr Williams, continuing to be responsible for leading the retail asset management platform including the delivery of the retail development pipeline.
Luke Briscoe will take on the new role of managing director of office and logistics.
Mr Briscoe will be held accountable for the whole office and logistics platform including the AMP Capital Wholesale Office Fund and the investment, property, leasing and development management functions.
He will also look over some of the retail estate segment’s shared functions, including sustainability, EWHS and asset technology which work across the entire office, logistics and retail business platform.
Merran Edwards has been given the new role of chief financial officer of real estate, where she will lead the finance, global strategy, business planning, strategic partnerships and risk functions.
Kylie O’Connor, currently real estate chief operating officer, will see her role shift to a fund management focus, which will see her taking on fund operations and governance, while leading the separate account business as well as private investor funds.
Ms O’Connor’s title will change to chief operating officer and managing director of separate accounts.
John Dynon will take on the role of head of origination and capital where he will be held accountable for sourcing new opportunities and placing capital for new and existing clients as well as overseeing the real estate transactions and distribution teams.
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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