AMP Capital revamps airports team

AMP Capital has shaken up its aviation infrastructure asset management team with the appointment of an investment director and a new airport managing director.

Dan Fitzpatrick has been hired as investment director, following the promotion of David Dowling to head up the airport business. 
Fitzpatrick will join AMP Capital from North Queensland Airports, where he served as corporate finance manager, responsible for long-term forecasting, shareholder and bank relationship management and board reporting.

At AMP Capital, he will work alongside Dowling on the airport portfolio's asset management strategy, client relationship management, and future transaction activity.

Commenting on the appointment, AMP Capital's co-head of infrastructure equities Michael Cummings said the changes within the airports team would maintain the business's leading position in the sector and allow it to take advantage of opportunities as they arise.

"The promotion of David and appointment of Dan enables us, particularly in a post-Dexus acquisition world, to continue to drive sustainable and long-term value outcomes from the management of our existing airport infrastructure assets and future growth opportunities," he said.

"Dan's understanding of aviation as a previous strategy leader at Melbourne Airport, where he managed annual strategic planning and forecasting, shareholder relationship management and major customer negotiations, underpins his sector credentials and complements David's exceptional portfolio management expertise."

AMP Capital's domestic airports team manages a 27 per cent investment in Australia Pacific Airports Corporation - the owner of Melbourne and Launceston airports - and a 50 per cent investment in Port Hedland International A