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More staff to exit AMP Capital

— 1 minute read

Three senior staff in the AMP Capital listed equities team have signalled they will be departing the investment business, including the global chief investment officer of equities and head of Australian equities.

Genevieve Murray

Global chief investment officer of equities David Allen, head of Australian equities Genevieve Murray and head of sustainable investment Emily Woodland have decided to resign from the company. 

While Mr Allen and Ms Woodland are leaving to pursue other opportunities outside of AMP Capital, Ms Murray is set to become head of listed equities at the Future Fund, where she will lead the sovereign wealth fund’s equities portfolio. 

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She will replace Future Fund’s acting head of listed equities Megan Ford, who has held the role since March. 

But Ms Murray and Ms Woodland are both to remain with AMP Capital for the coming months, AMP Capital said in a statement. 

Ms Murray has held the Australian equities lead role with AMP since October 2017, having joined the team after a restructure in the business. She had previously worked with Macquarie for 20 years, primarily in quantitative portfolio management and senior investment roles. 

Ms Woodland had joined the sustainable investment team in November 2018, before she took over sole responsibility for the team in December last year. 

Meanwhile, Mr Allen, who was a member of AMP Capital’s group leadership team, joined the firm in 2016, as global head of equities. 

“David, Genevieve and Emily each have played a key role in resetting AMP Capital’s listed equities business and creating strong foundations for growth,” AMP Capital stated.

The investment manager has already seen a wave of changes through its leadership.

AMP Capital’s chief executive Boe Pahari was demoted to his previous infrastructure equity lead role on Monday, after shareholders protested his CEO appointment had not been appropriate as details of a sexual harassment claim against him were released. 

At the same time, AMP chairman David Murray and board member John Fraser also signalled their exits from the group. Debra Hazelton, non-executive director on the boards of AMP, AMP Bank and AMP Capital has replaced Mr Murray as the group’s new chair.

Further, four executives walked from the AMP Capital team in July

AMP Australia chief Alex Wade, who led the group’s banking and wealth unit, also recently resigned, after only having been in the role for less than a year. 

In her new role, Ms Murray will be reporting to Future Fund deputy chief investment officer of markets, David George.

Mr George credited her predecessor, Ms Ford, for leading the team and overseeing the portfolio through a “particularly challenging period”. 

On Ms Murray’s appointment, Mr George said: “Genevieve has extensive experience spanning research, equities portfolio management and leadership roles.”

“She is strongly positioned to lead our team and build on the strong foundations of our listed equities program while contributing to the investment program as a whole,” he said.

 

More staff to exit AMP Capital
Genevieve Murray
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Sarah Simpkins

Sarah Simpkins

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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