AMP Capital makes distribution changes

Steve Mazzarelli
STEVE MAZZARELLI
AMP Limited - Head of Distribution (Retail/Advisory)
APPOINTMENT
AMP Limited
AMP LIMITED
Date: November 2020
Position: Head of Distribution (Retail/Advisory)

AMP Capital's Steve Mazzarelli has been named head of distribution for the organisation's retail and advisory businesses. In his new position, Mazzarelli will manage the organisation's domestic retail distribution team and promote AMP Capital's public and private market investment capability across a variety of client segments.

AMP Capital MD Marsha Beck told Financial Standard the business is focused on building its presence in the IFA market. "Our heritage in real assets and deep experiences across public markets are of particular interest to advisers looking for consistent income and a diversified source of returns," she said. "We are excited by the opportunities that we see in this channel and Steve will bring his enthusiasm and expertise to capitalise on these."

The change happened late last year. Mazzarelli first joined AMP Capital as a state account manager for Victoria in 2006 following two years as a BDM at CBA.

Reporting from Eliza Bavin at Financial Standard contributed to this story.