AMP Capital has appointed Boe Pahari, its global head of infrastructure equity, to succeed Adam Tindall who will be retiring as CEO.

AMP Capital said as part of Pahari’s wider responsibilities as CEO, he will continue to oversee the A$23bn (€14.1bn) infrastructure equity business.

Pahari, who is also north-west region (UK, Europe and the Americas) director, joined AMP Capital in 2010 and has led the development and global expansion of the infrastructure equity business.

His international experience in financial services, include prior work experience with Citigroup, Commonwealth Bank and 13 years with ABN AMRO in North America, Europe and Asia.

AMP Capital said Pahari’s new appointment is effective 1 July and outgoing CEO Tindall will work with Pahari through a transition period to ensure an orderly handover.

Francesco De Ferrari, CEO of parent company AMP Limited, said: “With Tindall’s decision to retire, we have sought to appoint a leader with a global view and track record for growth.

“Pahari has led the international expansion of our infrastructure equity business over the past six years, demonstrating his capability and strategic acumen.”

As incoming CEO, Pahari’s mandate will be to continue to grow the business, capitalising on its strengths and the opportunities in infrastructure and real assets, De Ferrari said.

Pahari said AMP Capital has substantial scope to expand globally, further leveraging its strengths, particularly in infrastructure and real assets.

“I’m firmly focused on ensuring AMP Capital maintains the unwavering commitment to clients it has had under Tindall’s leadership, and continues to adapt to deliver the investment capabilities they need.”

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