There are changes at the top of Australia-headquartered AMP Capital, one of the largest investment houses based out of Asia-Pacific and Australasia.

The chief operating officer of Australia-headquartered AMP Capital is departing the company amid a restructuring of its executive team, which also saw a number of appointments.

Sharon Davis’s role as director of Australia and New Zealand and COO is “no longer needed” due to the creation of a combined chief financial officer and chief operating officer position, as well as the appointments of other regional directors, the firm said in a statement. 

Margaret Payn, AMP Capital's CFO, will serve as the CFO/COO for the company.

“Sharon has made an exemplary contribution to AMP Capital and AMP and I am working with her to consider other opportunities across the AMP Group,” said Adam Tindall, AMP Capital’s chief executive.

Davis has worked at AMP for 12 years. 

The company also appointed three new executives based in Australia and New Zealand, the North-West region (including Europe, India, Middle East and America) and Asia to “orient and bolster the distribution teams”.

Craig Keary, who currently leads distribution in Australia and New Zealand, has been appointed as director of Australia and New Zealand, taking over from Davis.

Boe Pahari will lead the distribution functions in the North-West region while continuing as global head infrastructure equity director, North-West. He will work to maintain the separation between the infrastructure debt and equity business. 

Anthony Fassa, who serves currently as director of international, will focus on distribution and strategic partnerships in Asia and lead global coordination of client and consultant coverage. His new role will be global head of portfolio strategy and director, Asia. He will focus on corporate portfolio strategy responsibilities, including seeking opportunities for growth in AMP Capital’s strategy, it said.

“The changes I’ve announced today are focused on building a stronger, more globally competitive organisation in order to achieve our goals. AMP Capital will continue to evolve as we invest in client facing functions and investment capabilities,” said Tindall. 

AMP Capital has approximately A$160 billion ($121 billion) in funds under management.