People Moves

AMP Capital Expands International CEO's Role In Hong Kong

Vanessa Doctor Asia Correspondent 6 September 2012

AMP Capital Expands International   CEO's Role In Hong Kong

AMP Capital, the Australian fund management firm, has expanded one of its top executives' job descriptions with leadership of the company's dominant Australian client base in Hong Kong.

International chief executive Anthony Fasso now has the additional role of CEO for the newly-opened Hong Kong office. The appointment represents the first time this role will be performed outside of Australia and reflects the company's commitment to growing in the Asian region.

The expanded role means that all of AMP Capital's Australia client operations will report to Fasso, including institutional, retail, marketing and products.

"Australia has traditionally been [the firm's] biggest book of business,but the fastest growing in terms of net cash flows has been outside of its home base, particularly Japan and parts of Europe," said Fasso.

The appointment is just a week off from Brian Delaney's resignation as client, product and marketing business director to join QIC, another Australian investment firm, as its chief of global clients, products and marketing in Sydney. 

AMP Capital manages at least $125 billion in assets worldwide, 85 per cent of which are Australia-linked accounts.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes