Shawn Johnson was appointed CEO of Sydney-based AMP Capital, effective June 28.
Mr. Johnson will take the helm during a tumultuous year for the organization, replacing David Atkin who was leading the business on an interim basis after Boe Pahari stepped down last August after a brief stint as CEO. Mr. Atkin will stay in the interim CEO role until July 31 to ensure a smooth transition, according to an AMP news release. He will then leave the organization as planned, the release said.
Mr. Johnson will become CEO as the money manager faces a far-reaching restructuring, with a proposed demerger of its private markets businesses set to complete in the first half of 2022.
Mr. Johnson, in the news release, pledged to harness the underlying strengths of the money manager's private markets businesses as "we set up as a new, independent organization following separation from AMP."
Mr. Johnson is the founder of Winchester, Mass.-based Guidon Global, an alternative investment business. Active investments by the firm, which launched in 2013, will come to a halt due to his appointment at AMP Capital, Mr. Johnson said in a telephone interview.
For the decade before he left to start Guidon Global, Mr. Johnson was chairman of State Street Global Advisors' investment committee, the AMP news release said.
