AMP appoints head of distribution for UK and Europe

The Australian firm has made further moves to internationalise its business by naming two distinct distribution chiefs for Europe and the Middle East.

AMP Capital (AMP), the Australian asset manager, has hired John Angell as head of distribution for the UK and Europe.

Angell will assume part of the responsibilities so far entrusted to Richard Shields, who until now was a managing director for clients in the UK, Europe and the Middle East. Shields will now solely focus on the latter market.

Based in London, Angell will be looking after AMP’s institutional clients throughout his area of operation. He will also have overall responsibility for sales of the firm’s global listed infrastructure and global REITs businesses as well as of its unlisted infrastructure and hedge funds in Europe and the UK.

Angell, who most recently ran his own consultancy business, previously worked as a managing director and head of Europe, Middle East and Africa for Brookfield Investment Management. He also served as head of MAN Investments in the UK, London head for RMF Investment Management (now part of MAN), and head of UK equity product and senior fund manager for Schroders, where he spent 14 years.

His appointment comes in the wake of a raft of senior management changes at AMP’s infrastructure unit, with an emphasis away from regional heads and towards products in a bid to internationalise the firm’s client base and activities.

The reshuffle notably saw Scott Davies, formerly the Australia-based global head of infrastructure, leave the firm towards the end of last year. Meanwhile Boe Pahari, previously head of infrastructure for Europe and the Americas, became AMP’s London-based global head of infrastructure equity.

Last month, the firm reached a first close on its Global Infrastructure Fund (GIF), adding more than $540 million to its existing $750 million pool of seed assets. The milestone took it past halfway towards the vehicle’s $2 billion target.