Powered by MOMENTUM MEDIA

AMP Capital appoints non-executive directors

By Reporter
 — 1 minute read

AMP Capital has announced it will appoint three new non-executive directors to its responsible entity (RE) and trustee boards.

Former Suncorp banking and wealth chief executive John Nesbitt, former Investa Office Fund portfolio manager Ming Long, and former Herbert Smith Freehills partner Peter Rowe have been appointed to the AMP Capital Funds Management Limited (AMPCFM) and AMP Investment Services Pty Limited (AMPIS) boards.

Mr Nesbitt, Ms Long and Mr Rowe will serve alongside AMP Capital chief executive Adam Tindall and AMP Capital chief financial officer and chief operating officer Margaret Payn.

Advertisement
Advertisement

As a result of the appointments, the boards of both AMP Capital entities will now comprise a majority of independent, non-executive directors.

Mr Tindall said, “I’m delighted to welcome John Nesbitt, Ming Long and Peter Rowe to our two AMP Capital RE and trustee boards. All three have a wealth of industry experience and will enhance the governance of our domestic investment offerings while allowing for increased independent oversight.

"AMP Capital is committed to operating to the highest standards of corporate governance to best serve and protect our clients and investors. While we have always complied with the regulatory requirements in relation to independent oversight, we have decided to go one step further and increase the independence of these boards.

"This is a positive step for our clients, investors and AMP Capital, ensuring strong investment management and safeguarding our culture of prioritising strong governance."

The appointments are effective 28 July 2017.


The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.

 

AMP Capital appoints non-executive directors
investordaily image
ID logo

 

related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.