AMP Capital has recruited Lendlease group chief investment officer Robert Hattersley to become CIO of its real estate division.
The investment manager is attempting to repair its real estate division after investors in the $5 billion AMP Capital Diversified Property Fund voted to transfer management to Dexus, while a the search for a new manager of the $7 billion AMP Capital Office Fund has met hurdles. Hattersley’s appointment comes hot on the heels of AMP Capital appointing property veteran Christina Malcolm as leasing director across its office and logistics real estate team.
Hattersley has more than 30 years’ experience in the property sector and joins AMP Capital from global property company Lendlease, while prior to that he held senior roles with Mirvac.
In this new role, Hattersley will be responsible for raising capital for AMP Capital Real Estate’s existing funds and mandates and working closely with the origination team to raise capital for new products, a priority for the future demerged private markets business.
“I am thrilled to have Rob join our real estate team. His track-record of raising third-party capital, coupled with the respect he has from both local and global investors makes him a welcome addition to our strong team,” Kylie O’Connor, AMP Capital’s head of real estate said.
Hattersley was responsible for all third-party capital relationships in his role as Lendlease group CIO, comprising over $36 billion in assets under management. He was also responsible for sourcing equity partners and managing client relationships for Lendlease’s $113 billion development pipeline.
He was the director of the Lendlease Real Estate Investment Trustee board for 17 years and is a member of the executive board of the Asian Association for Investors in Non-Listed Real Estate Vehicles (ANREV).
Hattersley will join early next year and will report to O’Connor.
