AMP Capital has restructured its fixed-income and equity teams, a spokeswoman said.
Ilan Dekell, head of macro, takes charge of all macro and core portfolio management activities, while Sonia Baillie becomes head of credit and leads all bottom-up credit portfolio management activities. Ms. Baillie was previously head of credit research and will retain those responsibilities.
Mr. Dekell and Ms. Baillie will report to Simon Warner, head of global fixed income.
The Australian money manager said in a news release it had made changes to its equities business by bringing together listed infrastructure and listed real estate under the leadership of Matthew Hoult, now head of global listed real assets. Mr. Hoult is responsible for developing new listed real assets products for investors. He was previously co-head of global listed real estate. Mr. Hoult reports to David Allen, global head of equities.
James Maydew, previously co-head of the global listed real estate team, takes on responsibility as the sole head.
The spokeswoman said the new structure eliminates the position of head of credit and core held by David Carruthers, whose duties are now split between Mr. Dekell and Ms. Baillie, as well as the role of head of global listed infrastructure, held by Tim Humphrey, who are both leaving the firm, effective immediately.
Also, the spokeswoman said AMP is looking to fill two new positions that were created in line with the new structure — a senior portfolio manager on the macro team to take overall responsibility for macro credit research and portfolio construction, reporting to Mr. Dekell; and a portfolio analyst on the credit team to further strengthen bottom-up credit portfolio management, reporting to Ms. Baillie.
AMP Capital has A$160.4 billion ($121 billion) in assets under management.