Hassell takes over as head of AMP Capital

AMP Capital New Zealand has named its head of fixed income, Grant Hassell, as managing director, replacing Graham Law, who departs after six years.

Hassell has been local head of fixed income since 2006 and is a 28-year veteran of the firm. He takes over a firm with more than $19 billion under management in New Zealand. Law joined AMP capital in 2007 and was named managing director in 2009.

AMP Capital has recently made changes to its business including the decision to outsource about $690 million in active New Zealand equity funds to boutique firm Salt Funds Management starting this month, following the departure of its in-house equities team.

Hassell will retain his position as head of fixed income.