Sydney-headquartered global investment manager AMP Capital has appointed Carmel Hourigan as global head of property.
Officially beginning her role in early November this year, Hourigan will replace Adam Tindall who was recently elevated to the position of managing director, a role he will officially assume in October when current MD Stephen Dunne retires.
“Carmel is a property investment professional of the highest caliber and is highly regarded by those in the property and fund management industries,” Tindall said in a statement announcing the hire.
“Her extensive experience in both wholesale funds and retail asset management will be invaluable in both driving investment performance and delivering our $5 billion development pipeline. I look forward to working with her as we look to continue to build strong, trusted relationships with clients and grow our business both domestically and internationally.”
Hourigan has more than 20 years of experience in property and funds management. Prior to joining AMP Capital, she was the chief investment officer of Sydney-headquartered property group, GPT.
According to reports in the Australian media, Hourigan resigned from The GPT Group after missing out on becoming the firm’s chief executive officer following the departure of Michael Cameron earlier in the year.
She is currently also serving as the vice president of the sector association Property Council of Australia. In the past, she has also worked with Lend Lease and Colonial First State.
“I am excited to be joining AMP Capital, which has a strong heritage in funds management and providing compelling property investment opportunities,” she said. “I was attracted by the strength of the people, platforms and assets and look forward to building upon the underlying quality of the property business and taking it to the next level.”
Apart from its offices in Australia and New Zealand, where the bulk of its investments are centered, AMP Capital also has on ground investment teams in Europe and North America. Last year, it appointed Kate Campbell as institutional director for Europe to develop the firm’s institutional client base in the region alongside Louisa Yeoman, international director for the United Kingdom.