AMP Capital eyes Asia Pacific opportunities
AMP Capital Investors will look for further offshore opportunities in the Asia Pacific region with plans to also roll-out new specialist retail products domestically after today appointing former Goldman Sachs JBWere chief Michael Clarke.
Clarke, who left Goldman Sachs JBWere in August after the Melbourne-based group flattened the executive reporting lines of its asset management arm, joins AMP as a director of business development and strategy.
His immediate focus will be to drive the development of new niche retail products such as the recently launched AMP Capital China Fund, along with forging offshore strategic alliances such as that with Gemini Advisors in Japan.
Clarke, who was appointed to the Investment and Financial Services Association (IFSA) board in 2003, will start at AMP in October and will relocate from Melbourne to Sydney.
The latest appointment adds to a spate of movements both in and out of AMP Capital Investors this year.
In April, the group’s head of Australian equities, Michael Evans, left to kick-start a new boutique investment group - Quest Asset Partners - with former AMP small cap portfolio manager Chris Cahill, who also left this year.
In July, the group snared Trust Company senior investment manager Jim Reid and UBS Global Asset Management emerging companies portfolio manager Michael Cowin to replace Evans and Cahill.
The group has also recently signed up former Investa Property Group executive Andrew Roy to head its property transactions area.
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