Weston leaves Mercer for AMP

Stephanie Weston, who served as adviser to institutional investors at investment consultants Mercer, has joined AMP as director of investment management.

Weston, from March 12, will be in charge of ongoing governance of investments of AMP and the National Mutual Life Association Co, which include investment products under the AMP and AXA brands.

AMP spokesman Michael Zappone confirmed Weston’s hiring. Her departure from Mercer was confirmed by Graeme Mather, partner, Mercer Investment Consulting.

AMP Capital has about $93 billion in managed funds.

Weston also worked at the Reserve Bank of Australia.

 

 

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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