AMP Capital names new property head
AMP Capital has announced a change in the leadership of its property investment team with the retirement of its Chief Investment Officer, Property Andrew Bird after a 37 year career in the property sector.
Bird, who has worked with AMP Capital since 2004, will be replaced by AMP Capital Chief Operating Officer, Property Adam Tindall from March 2015 after a planned transition of responsibilities with Tindall also set to take on Bird's role as director of AMP Capital.
AMP Capital chief executive Stephen Dunne said in the past decade under Bird the group's property business increased its funds under management $17.7 billion while delivering strong returns for clients and creating a $5 billion development pipeline for further investments.
Dunne also said the appointment of Tindall was an indication of the talent developed within AMP Capital and the execution of its succession planning strategy
Tindall, who has been working in property investment for 28 years, has been with AMP Capital for five years and was previously with Macquarie Capital Advisers and Lend Lease Group.
AUTHOR
Jason Spits
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
