AMP Capital CEO to retire

AMP Capital's CEO, Adam Tindall, will retire on 1 July after five years in the role.

Boe Pahari has been promoted as his replacement.

During Tindall's time with AMP Capital, the business grew assets under management by $43 billion and increased earnings by more than 40 per cent.

AMP chief executive Francesco De Ferrari thanked Tindall for his contributions to AMP Capital. "I would like to thank Adam for his dedicated and thoughtful leadership of AMP Capital over the past five years. AMP Capital has continued its growth under his watch, and he leaves with our best wishes."

Tindall joined AMP Capital in 2009 as chief operating officer for property before being promoted to chief investment officer for a few months and then CEO. His property experience goes back several years, having held senior executive roles in property and infrastructure with Macquarie and with Bovis Lend Lease and Lend Lease Group.