AMP Capital to disappear this week
AMP Capital agreed last year to sell its global equities and fixed income (GEFI) business to Macquarie Asset Management. This sale includes AMP Capital’s New Zealand investment operations.
Once completed AMP Capital’s capabilities in global listed equities and global fixed income will be combined with Macquarie's public investments platform and GEFI will become part of Macquarie.
"We believe Macquarie Asset Management is a great home for the GEFI business, given its deep expertise and commitment to asset management. There is a genuine alignment between the teams and an opportunity to benefit from each business’s complementary strategies and expertise," AMP Capital NZ managing director Rebekah Swan says in a note to clients.
"The transaction will allow GEFI and the New Zealand business to benefit from Macquarie’s scalable global operating platform."
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