Australian fund manager AMP Capital has promoted Boe Pahari to chief executive officer to succeed Adam Tindall, who is retiring.
Mr. Pahari is currently the company’s global head of infrastructure equity. His new appointment is effective July 1.
He will continue to oversee the infrastructure business after he becomes CEO, AMP Capital says in a statement on June 20, adding that Mr. Tindall will work with Mr. Pahari to ensure an orderly handover.
Mr. Tindall has been the CEO since 2015.
“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,” Francesco De Ferrari, CEO of AMP Capital’s parent AMP Group, says in the statement.
Mr. Pahari joined AMP Capital ten years ago as head of infrastructure for Asia and Australia from Royal Bank of Scotland, where he was global co-head of principal strategies.
Sydney-based AMP Capital had A$192.4 billion (US$132.2 billion) of assets under management as of March 2020.