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Revolving door keeps spinning at AMP Capital

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AMP’s funds management arm has confirmed the departure of its head of energy, as the group faces losing control of its Community Infrastructure Fund to a rival global asset manager after a slew of management departures.

In a statement, AMP Capital confirmed its managing director energy for AMP Capital’s Infrastructure Energy Group, Stasha Prnjatovic, would leave the business at the end of September “to take up an external opportunity”.

“Stasha made a strong contribution to AMP Capital over her four years of service, and we wish her all the best for the future,” the fund manager said. 

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“We will be immediately recruiting a replacement for Stasha and expect to transition her responsibilities to her replacement before she leaves the business.”

The news comes following a swathe of departures from the funds management group’s infrastructure team, with six AMP Capital staff set to follow head of social care Julie-Anne Mizzi out the door as she departs to head up global infrastructure investor Plenary Group’s newly established funds management business.

Plenary Group announced last month that AMP Capital’s director of infrastructure equity Jiren Zhou would join in September as partner and head of origination for Plenary Funds Management, while head of asset management for the group’s Community Infrastructure Fund Simon Hunter would be appointed as partner and head of asset management.

Kathlyn Crafford, Kareen Livingstone, Liam Brosnan and Ser Hui Lee would also be moving across from AMP Capital to Plenary between July and September, Plenary said.

While Ms Prnjatovic is understood to be departing for a separate role unconnected to Plenary, the move will further ramp up pressure for AMP Capital to consider a proposal from the global infrastructure investor to take over management of the group’s Community Infrastructure Fund.

Plenary made a bid to take over the fund in March, alongside rival groups Morrison & Co and Palisade Investment Partners, but AMP Capital has so far resisted taking any of the proposals to an investor vote.

 

Revolving door keeps spinning at AMP Capital
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