New combined CFO/COO role for AMP Capital

AMP Capital has announced it will bring its operations and finance functions under one combined CFO/COO role, to be held by current AMP Capital CFO Margaret Payn.

This change is part of a restructure of the firm's global business model and also includes the appointment of distribution leader in three regions - Australia and New Zealand, the North-West region (Europe, India, Middle East and the Americas) and Asia.

A statement from the firm said: "The changes involve investing in distribution, emphasising investment expertise and developing a more global operating platform. They aim to accelerate AMP Capital's growth and support the business's international expansion."

The creation of the three regional distribution leadership roles and introduction of the combined CFO/COO means the role of director of Australia and New Zealand and COO, held by Sharon Davis, is no longer required.