AMP Capital Director & COO to depart

AMP Capital has announced changes to its global business model and leadership team, including the departure of director of Australia and New Zealand and COO, Sharon Davis.

A statement from the firm said: "The changes involve investing in distribution, emphasising investment expertise and developing a more global operating platform. They aim to accelerate AMP Capital's growth and support the business's international expansion."

As a result, AMP Capital has appointed a distribution leader in three regions - Australia and New Zealand, the North-West region (Europe, India, Middle East and the Americas) and Asia.

The firm has also brought its operations and finance functions under one combined CFO/COO role, which will be held by Margaret Payn, who is currently AMP Capital's CFO.

The creation of the three regional distribution leadership roles and introduction of the combined CFO/COO means the role of director of Australia and New Zealand and COO, held by Sharon Davis, is no longer required.

AMP Capital CEO Adam Tindall said: "Sharon has made an exemplary contribution to AMP Capital and AMP and I am working with her to consider other opportunities across the AMP Group."