GENERAL PROPERTY

AMP Capital restructures real estate leadership team

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AMP Capital has reshuffled its real estate division focusing on specialist sectors, with new and expanded roles within the leadership team.

AMP has created of two new managing director roles for retail and office and logistics, accountable for fund, investment, property and development management for their specialist sectors.

Brett Williams has been appointed to the new role of managing director, retail. He is currently fund manager for the AMP Capital Diversified Property Fund (ADPF). He will lead the entire retail platform including the shopping centres asset management platform as well as the wholesale pooled funds with retail exposure, the AMP Capital Shopping Centre Fund (ASCF), as well as ADPF.

Mark Kirkland will work closely with Williams under the new title of head of retail and will continue 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 and expanded role of managing director, office & logistics, in charge of the whole office and logistics platform including the AMP Capital Wholesale Office Fund (AWOF), and the investment, property, leasing and development management functions, as well as of some of real estate’s shared functions including sustainability, EWHS and asset technology.

Other changes to the leadership team include Merran Edwards appointed to the new role of chief financial officer, real estate, where she will lead the finance, global strategy, business planning, strategic partnerships and risk functions.

Kylie O’Connor’s chief operating officer role will shift to be fund management focused, her title will change to chief operating officer & managing director, separate accounts.

Finally John Dynon will take on the role of head of origination & capital, responsible for sourcing new opportunities and placing capital for new and existing clients as well as overseeing the real estate transactions and distribution teams.

Global head of real estate Carmel Hourigan said the new integrated sector specialisation structure will best enable AMP Capital to deliver for its clients and achieve its growth strategy.

“I’m excited to announce the new structure of our real estate business, with the alignment of accountability across fund, investment, property and development management. This structure will ensure a relentless and common focus on delivering performance for our clients.

“It’s all about ensuring we continue to innovate to provide new opportunities relevant to our clients across the commercial real estate cycle. I’m particularly proud to be able to recognise our strong internal talent, who are some of the brightest people in the industry,” Hourigan said.

Meanwhile as result of the changes, the role of head of real estate funds management held by Chris Judd is no longer required. After 13 years with AMP Capital, he will work closely with the team on this transition and remain as a director on precinct properties until early 2020.

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