AMP Capital names CEO

AMP Capital has looked to the States for its new chief executive.

Shawn Johnson, a former managing director and chair of the State Street Global Advisors (SSGA) investments committee will take on the role later this month. Johnson spent 15 years with SSGA in a variety of roles, leaving to form his own alternative investments business in 2013.

AMP chair Debra Hazelton was delighted to announce the appointment. "Shawn's extensive experience and knowledge of global investment management, particularly private markets, makes him an exceptional leader for AMP Capital.

"His experience as a leader in one of the world's largest asset management firms, State Street Global Advisors, where he played a key role in markedly growing the business and navigating the global financial crisis, will be invaluable."

During his time with SSGA, Johnson also served as the volunteer chair of the Financial Services Sector Coordinating Council (FSSCC).

"Shawn has managed a joint venture holding of boutique asset management firms across North America, the UK, Europe, and Asia, while also having experience in retirement planning in the US and Australia," said Hazelton. "Moreover, Shawn's more recent experience with his own alternative asset businesses is a practical demonstration of his entrepreneurial capabilities.

"As AMP Capital separates from AMP and establishes a new culture and brand, Shawn has clearly demonstrated his capability to lead and inspire teams of highly capable investment professionals."

David Atkin, AMP Capital deputy CEO, will continue in his role until mid-July to facilitate a smooth handover before departing the organisation as planned.

Said Johnson, "AMP Capital is a globally-respected investment manager, and I'm excited by the significant potential for international growth but also in Australia. I'm confident of its underlying strength and the depth of its investment, distribution, and operational talent. Our focus will be to harness these strengths as we set up as a new, independent organisation following separation from AMP.

"It's an exciting challenge to which I believe I can bring my experience, passion, and energy for growing businesses and leading a highly skilled organisation. I look forward to working alongside our talented teams, meeting our key clients, and moving our business forward."