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Brain drain continues at AMP Capital

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A number of AMP Capital employees have jumped ship to Lendlease, continuing months of departures for the asset management giant.

Four members of AMP Capital’s real estate capital transactions team have resigned and jumped ship to property and infrastructure multinational Lendlease. InvestorDaily understands the employees include James Doneley, head of transactions, and Tom Sillar, senior transactions manager.

“We’re thrilled to welcome the four members of AMP Capital’s team joining Lendlease in the coming months,” Kylie Rampa, chief executive of Lendlease’s property business, told InvestorDaily. 

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“Consistent with Lendlease’s recent strategy update, these new recruits will add significant capability to our already strong investments and capital transactions team as we seek to grow funds under management.”

Mr Doneley spent three years at AMP after moving from Lendlease, where he was senior capital transactions manager between 2013 and 2017. Mr Sillar was with AMP Capital for five years, prior to which he was CBRE’s senior manager for international valuation, Asia.

The departures are the latest in a series for AMP Capital, which has seen a significant number of employees walk out the door in the wake of a sexual harassment scandal that saw CEO Boe Pahari demoted and the resignation of chairman David Murray and director John Fraser. Other high-profile departures have included global CIO for equities David Allen, head of Australian equities Genevieve Murray, and head of sustainable investment Emily Woodland. 

Kristen Le Mesurier, who oversaw AMP Capital’s diversified multi-asset funds – including the Ethical Leaders Balanced Fund – stepped down in August, and has now taken up the role of head of ESG and engagement at Platypus Asset Management.

 

Brain drain continues at AMP Capital
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