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Board says AMP Capital CommIF bids ‘not compelling’ By Sarah Kendell 20 July 2021
AMP Capital’s independent board committee has rejected all three suitors lined up to take over management of its Community Infrastructure Fund (CommIF), saying its remaining senior staff have the experience to continue managing the fund despite a number of exits.
A letter from the chairman of the committee seen by InvestorDaily reveals that it has “unanimously” reached the conclusion that the recent departure of senior staff, including AMP Capital’s head of social care Julie-Anne Mizzi, director of infrastructure equity Jiren Zhou and CommIF head of asset management Simon Hunter, would not have a substantial impact on the running of the fund.
Revolving door keeps spinning at AMP Capital investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.