The team will increase its focus on products, services and functional expertise in Europe and Australia rather than on regions. As a result, the head of infrastructure for Australia and New Zealand, Paul Foster, will leave the business. The role of head of infrastructure for Europe and the Americas, which was left vacant by Boe Pahari’s elevation to global head of infrastructure equity, will not be filled, it said in a statement yesterday.

The separately managed accounts and origination functions will be merged and Michael Bessell, who is currently global head of origination, will take on an expanded role as head of separately managed accounts and origination, Australia and New Zealand.

The funds management team will also be combined to focus on delivering investment expertise across energy/utilities, transport and airports. Michael Cummings, AMP Capital infrastructure equity fund manager, has been promoted to lead the team as head of Australia and New Zealand funds.

Social infrastructure and aged care operations will be combined and headed by Julie-Anne Mizzi, currently the firm's community infrastructure fund manager, as head of social and aged care, Australia and New Zealand.

In December last year, AMP Capital made two appointments to its infrastructure equity team in New York to drive its global business, adding to other recent hires. Michael Hamilton was made investment director, focused on sourcing deals and managing assets owned by AMP Capital in the Americas region. He was previously managing member of Blue Wave Capital Partners and has also held roles at RBC Capital Markets and Hastings Funds Management. Hamilton joined AMP Capital earlier this week. Andrew Kirby was named senior associate and focuses on transaction support and execution activities. He was previously an associate at Rothschild in the mergers and acquisitions division, focusing on infrastructure transactions in North America and across Europe.  

In late November, AMP Capital, which has more than A$145 billion ($124.7 billion) of assets, unveiled changes to its business lines, creating the new role of global head for infrastructure equity to target investments in the northern hemisphere.