Australia's sovereign wealth fund on Tuesday named Genevieve Murray, the equities head of scandal-hit wealth manager AMP Ltd's <AMP.AX> fund management unit, to lead its listed-equities division.
Murray, who has been with AMP Capital for nearly three years, will report to David George, the deputy chief investment officer of public markets, Future Fund, the country's sovereign wealth fund manager, said in a statement.
Murray's departure from AMP Capital is the latest in a string of senior leaders leaving AMP and its funds management unit, which has been gripped by alleged executive misconduct.
On Monday, Boe Pahari, the chief executive of AMP Capital, was demoted following concerns over comments he made to a female colleague in 2017 that an internal investigation found to have breached the company's code of conduct.
AMP Chairman David Murray and non-executive director John Fraser, who were on the board that appointed Pahari in June despite the internal investigation, also resigned.
Megan Ford will continue in her capacity as acting head of listed equities until Murray joins, the Future Fund added.
In a statement to the Australian Financial Review https://www.afr.com/street-talk/amp-capital-loses-equities-team-heads-20200825-p55p2y, AMP Capital said aside from Genevieve Murray, two other senior members of AMP Capital have also resigned.
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Rashmi Aich)
