AMP Capital has selected Boe Pahari, its global head of infrastructure equity, to succeed Adam Tindall, who is retiring from the company after serving as chief executive for nearly five years.
According to a statement filed with the Australian stock exchange, Pahari will continue to oversee the infrastructure equity business, which at the end of fiscal year 2019 had A$23 billion ($15.8 billion; €14.1 billion) of assets under management.
“Boe has led the international expansion of our infrastructure equity business over the past six years, demonstrating his capability and strategic acumen,” AMP chief executive Francesco De Ferrari said in the statement. “As incoming CEO, Boe’s mandate will be to continue to grow the business, capitalising on its strengths and the opportunities in infrastructure and real assets,” De Ferrari said, who then went on to thank Tindall for “his dedicated and thoughtful leadership of AMP Capital”.
According to the statement, during Tindall’s five-year tenure, AMP Capital increased its AUM by roughly A$43billion and operating earnings by more than 43 percent.
Pahari, who joined AMP Capital in 2010, is based in London. However, he spends time across all of AMP Capital’s global locations, and it is understood he will continue to do so in his new role, which he will assume on 1 July.
Last September, Pahari provided Infrastructure Investor a glimpse into his daily routine, some of his favourite quotes and shared advice he offers to junior investment professionals. Check it out below.
AMP Capital declined to comment beyond the statement.