AMP Capital has promoted Kylie O’Connor to lead the real estate business, replacing Carmel Hourigan who was poached by Charter Hall.
O’Connor is currently AMP Capital Real Estate’s chief operating officer and managing director of Separate Accounts, she will also join the leadership group.
In her new role, O’Connor will lead the team managing more than A$28 billion of commercial real estate.
AMP Capital CEO Boe Pahari said O’Connor is a great leader and her promotion is testament to the strong talent within AMP Capital’s real estate team.
“Kylie has a deep breadth of both commercial and real estate investment experience and will bring a strong focus on delivering investment outcomes for our clients. I also value her contribution to the wide and diverse views in the leadership group,” he added.
O’Connor joined AMP Capital in 2015 as fund manager for AMP Capital Diversified Property Fund, before taking on the role of COO in 2018. She has 25 years’ experience in property funds management. Prior to that, she held a number of senior fund management, audit and advisory roles at Lendlease and Arthur Andersen.
O’Connor said she was pleased to be appointed to lead the business during these challenging times.
“While COVID-19 has created challenges for the industry, we’re constantly engaging with tenants, customers and investors to find the right outcome, and I’m confident in our ability to deliver for our clients, our people and our shareholders,” she added.
At the same time, Luke Briscoe will be promoted to COO. He has held the position of managing director, office & logistics for the past five years. As COO he will also lead its circa $10 billion separate accounts business.
“I am proud of the high calibre of talent in our real estate business and look forward to continuing to work closely with Luke and the rest of the real estate leadership team who are united in our commitment to lead the business into its next chapter of growth,” O’Connor added.