AMP Capital has made a number of changes to its leadership team and as a result, Mark Beardow, AMP Capital CIO of global equities and fixed income, will leave the business, effective 27 March 2017.
Beardow joined AMP Capital's fixed income team in 1998. He was promoted to the role of CIO, global equities and fixed income in January 2014 following a restructure after the departure of CIO David Kiddie. He has also served on the AMP Capital global leadership team, the investment committee, credit investment committee and product committee.
In a statement outlining the leadership changes, the firm said that Craig Keary, currently AMP Capital director of Australia and New Zealand, will become AMP Capital director, Asia Pacific. Keary will retain responsibility for Australia and New Zealand and assume leadership of AMP Capital's operations in Beijing, Hong Kong and Tokyo. Currently based in Sydney, Keary will relocate to Asia in the coming months.
Anthony Fasso, currently AMP Capital Director, Asia, and global head of portfolio strategy based in Hong Kong, will return to Australia and retain his portfolio strategy responsibilities and remain on the AMP Capital leadership team, based in Melbourne. The firm said Fasso will continue to focus on opportunities to accelerate AMP Capital's growth through targeted mergers and acquisitions.
In addition, Simon Warner, head of global fixed income in Sydney, and London-based David Allen, global head of equities, have been elevated to the role of global chief investment officer (CIO) for their respective asset classes and will sit on the AMP Capital leadership team, reporting to CEO Adam Tindall.
Commenting on the changes, Tindall said: "Like any business, we need to continue to evolve our strategy to ensure we're delivering for our clients. AMP Capital is at an exciting phase of its growth towards becoming a pre-eminent global fund manager and these changes will help us reach that goal."
In paying tribute to Beardow's contribution, Tindall said: "Mark has been a positive force throughout his time at AMP Capital. I thank him for his keen investment insights and leadership, and wish him all the best."