AMP has finished the centralisation of its fund manager teams, creating four separate chief investment officer roles under the leadership of Sean Henaghan.
Following the exit of Stephanie Weston at the start of the year, the retail investment management function has been wound down and transferred from AMP to the multi-asset group at AMP Capital creating a team responsible for $73 billion in funds under management.
As well as managing a large pool of superannuation money AMP Capital will place a greater focus on working on investment solutions for other institutional investors.
Leanne Bradley leads the newly created tailored investment solutions team of five which carries out manager selection and strategic asset allocation solutions for AMP licensees, retail, institutional and corporate super clients.
Debbie Alliston continues as head of an expanded multi-asset portfolio management team responsible for diversified funds across corporate super and retail, defined benefit funds. Her team has also taken responsibility for the retail Experts’ Choice and Super Easy portfolios.
The public market solutions team is being led by Tanya Debakhapouve and the private market and absolute return solutions team by Alistair Rew.
Shane Oliver continues in his role as head of investment strategy and economics, as does Jeff Rogers as chief investment officer of ipac Investment Services.
Henaghan said the old model had created bureaucracy at the loss of client intimacy.
“We want to get much closer to our customers. I now have members of my team more engaged dealing with financial planners going to product working groups. So it is about us trying to understand the customer, to make sure the stuff we bring to them is far more relevant.”
He added the team would also bring more client specific solutions, rather than one size fits all.
Henaghan said most of Stephanie Weston’s team had been redeployed across AMP.