Investment Banking News

US fundie Shawn Johnson named AMP Capital CEO

Posted by Anton Murray Consulting on . Posted in Investment Banking News

AFR

AMP has brought in Boston-based investment manager and former US Navy lieutenant Shawn Johnson to lead AMP Capital ahead of its demerger from AMP and new life as a separately listed public company. Mr Johnson is the former managing director and chairman of the investment committee at $US2.1 trillion funds management giant State Street Global Advisors. He will replace Boe Pahari, who was demoted to head of  infrastructure equity following shareholder and public backlash over his brief appointment as AMP Capital head despite having settled a sexual harassment claim against him in 2017. AMP announced Mr Pahari would be leaving AMP in April.

David Atkin, AMP Capital deputy CEO and former chief of industry super fund Cbus, will leave AMP in late July, having initially joined the troubled company in December last year on an interim basis until June. It is understood Mr Atkin, who has been overseeing the structural separation of AMP Capital’s lucrative unlisted real estate and infrastructure investments business from the rest of AMP, will work closely with Mr Johnson for three or four weeks before leaving the company.

The rest of this article can be found at afr.com.

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