AMP Capital today announces Kylie O’Connor has been promoted to lead its real estate business and will join the leadership group. O’Connor is currently AMP Capital Real Estate’s Chief Operating Officer and Managing Director of Separate Accounts and will replace Carmel Hourigan who is leaving the business, while Luke Briscoe will take on the role as Chief Operating Officer.
As Head of Real Estate, O’Connor will lead the team managing more than A$28 billion of commercial real estate on behalf of institutional and retail investors across equity and debt investment solutions. This includes the management of AMP Capital’s integrated fund, investment, development and property management platform, as well as its strategic global partnerships.
AMP Capital CEO Boe Pahari said: “I am delighted to appoint Kylie O’Connor to lead our real estate business, recognised as one of the largest and most experienced wholesale property managers in the Asia Pacific, and key to our real assets strategy. Kylie is a great leader and her promotion is testament to the strong talent within AMP Capital’s real estate team. Highly regarded by our clients, our team and within the industry, she’s ready to lead the next phase of growth for our real estate business.
“Kylie has a deep breadth of both commercial and real estate investment experience and will bring a strong focus on delivering investment outcomes for our clients. I also value her contribution to the wide and diverse views in the leadership group.”
O’Connor joined AMP Capital in 2015 as Fund Manager for AMP Capital Diversified Property Fund, before taking on the role of COO in 2018. She has 25 years’ experience in property funds management and has been involved in the delivery of several large development projects on behalf of wholesale investors. Prior to AMP Capital, she held a number of senior fund management, audit and advisory roles at Lendlease and Arthur Andersen.
O’Connor said: “I’m pleased to be appointed to lead this first-class real estate business and join Boe’s leadership team. With over 60 years’ heritage in managing iconic real estate for local and global investors, we have an excellent foundation of depth of talent, premium assets and great client relationships on which to grow the business.
“While COVID 19 has created challenges for the industry, we’re constantly engaging with tenants, customers and investors to find the right outcome, and I’m confident in our ability to deliver for our clients, our people and our shareholders.”
Also announced today, Luke Briscoe will take on the role as Chief Operating Officer, Real Estate, reporting to O’Connor, where he will oversee the operations of the business while seeking opportunities to enhance the real estate platform. Briscoe held the position of Managing Director, Office & Logistics for the past five years and as Chief Operating Officer will also lead its circa $10 billion separate accounts business.
O’Connor added: “I am proud of the high calibre of talent in our real estate business and look forward to continuing to work closely with Luke and the rest of the Real Estate leadership team who are united in our commitment to lead the business into its next chapter of growth.”
O’Connor will report to Boe Pahari and join AMP Capital’s leadership group effective immediately.