Malcolm Brown, who joined Angel Trains in 2008 and has served as its chief executive since 2009, will be leaving the rolling stock company to join AMP Capital as senior principal in its global infrastructure equity business in London on 30 July.
“As active asset management is integral to AMP Capital’s investment strategy of value creation, we have created this role to bring Malcolm’s significant sector expertise to our team, particularly as our infrastructure equity business continues to grow,” AMP Capital’s global co-head of asset management David Rees, to whom Brown will report, told Infrastructure Investor.
“As part of the AMP Capital asset management team, he will have oversight of the business strategy of portfolio assets, report on their performance and work closely with management to deliver sustainable growth,” Rees added.
AMP Capital first invested in Angel Trains in 2008. Brown has served as a senior advisor to the Australian fund manager’s infrastructure business since 2015, when it increased its stake in the rolling stock company from 25 percent to a majority stake – the size of which has not been disclosed.
According to a statement, Brown will continue to serve as a board director of Angel Trains and will assume the role of chairman of the Angel Trains Holding Company. He will also serve as a non-executive director on the board of London Luton Airport, another asset AMP Capital added to its portfolio, when it acquired a 49 percent stake from French fund manager Ardian in April.
Kevin Tribley, Angel Trains’ chief operating officer, will succeed Brown as chief executive, AMP Capital said in its statement.
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