AMP has appointed Shawn Johnson as the chief executive officer of AMP Capital to lead its international growth strategy and the proposed demerger of its private markets businesses.

Johnson is a former senior managing director and chairman of the investment committee of State Street Global Advisors for almost a decade.

He will replace Boe Pahari, who went back to his former job as head of infrastructure equity following shareholder and public backlash over his brief appointment as CEO of AMP Capital. Pahari is due to leave the company.

David Atkin, AMP Capital deputy CEO, will continue in his role until 31 July to facilitate a smooth handover to Johnson, before leaving the organisation as planned.

AMP Chair Debra Hazelton said Johnson’s experience as a leader in one of the world’s largest asset management firms, where he played a key role in markedly growing the business and navigating the global financial crisis, would be invaluable.

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