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AMP Capital

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AMP Capital
IndustryInvestment management
HeadquartersAMP Building, Sydney, Australia
Area served
Key people
Shawn Johnston (CEO)
AUMA$190 billion (2020)
Number of employees
1,300+
ParentAMP Limited
Websiteampcapital.com

AMP Capital was a large global investment manager headquartered in Sydney, Australia. Its owner, AMP Group, was established in 1849, and is one of Australia's largest retail and corporate pension providers. AMP Capital has a strategic alliance with Mitsubishi UFJ Trust and Banking Corporation.

Locations

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In addition to its operations in Australia and New Zealand, AMP Capital had an international presence with offices in China, Dubai, Hong Kong, India, Japan, Luxembourg, Singapore, the United Kingdom and the United States.

List of shopping centres

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Australia

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New South Wales

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Victoria

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Queensland

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South Australia

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Western Australia

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New Zealand

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History

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On 9 December 2011, AMP announced a strategic business alliance between AMP Capital and Mitsubishi UFJ Trust and Banking Corporation (MUTB), a leading Japanese trust bank which provides services to institutions and retail clients across retail and corporate banking, trust assets, real estate and global markets.[2] MUTB acquired a minority interest in AMP Capital.[3] The alliance will give AMP access to 80 percent of Japan's institutional investors, around 14 percent of its retail and high net worth banking networks and 100 retail securities brokerage branches.[3] In 2020, AMP Limited repurchased MUTB’s shareholding in AMP Capital.[4]

AMP Capital also has a number of joint venture companies in Asia. It has a 50% stake in AIMS AMP Capital in Singapore, a joint venture REIT management company co-owned with AIMS Financial Group, as well as 15% in China Life AMP Asset Management.[5]

In February 2021, AMP Limited entered into a non-binding Heads of Agreement to investigate the formation of a joint venture with Ares Management.[6] After these plans were cancelled, AMP announced in April 2021 it planned to demerge the business and list it on the Australian Securities Exchange.[7][8] In April 2022, AMP announced it had dropped this plan and instead sold AMP Capital's real estate and domestic infrastructure equity business to Dexus and international infrastructure equity business to DigitalBridge.[9][10]

Accolades

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AMP Capital was ranked among the top 10 infrastructure managers globally[11] and was one of the largest real estate managers in Asia[12] as well as providing commercial, industrial and retail property management services. AMP Capital was among the top 6 in Asia for private equity (funds-of-funds)[12] as well as managing investments in fixed income and equities.

References

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  1. ^ a b c d Westfield Group, Westfield Retail Trust and AMP Capital Restructure Ownership Interests in Portfolio of Seven Australian Centres Archived 13 May 2016 at the Wayback Machine Westfield Group 25 October 2012
  2. ^ Angela Faherty (9 December 2011). "AMP Capital, MUTB in 'strategic business alliance'". Australian Banking & Finance. Archived from the original on 4 March 2016.
  3. ^ a b Samantha Hodge (12 December 2011). "AMP Capital expands in Japan". Morningstar, Inc.
  4. ^ "AMP Limited to repurchase MUTB's shareholding in AMP Capital". AMP. Retrieved 13 August 2020.
  5. ^ Narayanan Somasundaram (1 September 2013). "China Life in Funds Management Venture With AMP Capital". Bloomberg Businessweek.
  6. ^ AMP and Ares Management Corporation announce intention to pursue joint venture partnership for AMP Capital’s private markets businesses AMP Limited 26 February 2001
  7. ^ AMP announces intention to pursue demerger of AMP Capital’s private markets investment management business AMP Limited 23 April 2021
  8. ^ AMP Capital to become Collimate Capital AMP Capital 10 February 2022
  9. ^ Sale of real estate and domestic infrastructure equity business AMP 27 April 2022
  10. ^ AMP sells Collimate Capital's international infrastructure equity business AMP 28 April 2022
  11. ^ "Top 75 Infrastructure Managers 2019: Why big is often best".
  12. ^ a b "Towers Watson Global Alternatives Survey 2014".
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