Business
Lazard no longer substantial AMP shareholder – The Australian Financial Review
Local value investor Lazard Asset Management sold down stake in troubled wealth management group AMP, which has announced Kylie O’Connor will replace outgoing property boss Carmel Hourigan.
Ms O’Connor, who joined the group in 2015, is currently chief operating officer of AMP Capital’s real estate business and will now be responsible for the $28 billion worth of investments in the unit. She will be replaced by Luke Briscoe, managing director of AMP Capital office and logistics business.
Mr Pahari said Ms O’Connor, a former employee of Lend Lease and Arthur Anderson, was a “great leader” and her promotion was testament to the “strong talent” in the real estate group.
“Highly regar…
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