AMP : Capital grows US Infrastructure Debt team

AMP Capital has appointed Adam Heath as Vice President in its Infrastructure Debt team, based in New York.

Mr Heath joined AMP Capital on 6 September 2016 and is primarily responsible for the origination and execution of infrastructure debt investments in North America. He will report to Patrick Trears, AMP Capital Infrastructure Debt Principal.

Prior to joining AMP Capital, Mr Heath was an Associate Director of Finance at Caithness Energy, a private investment company focused on acquiring and developing assets in the North American power sector. Mr Heath has held other positions at RBC Capital Markets and WestLB where he was responsible for structured finance and mergers and acquisitions transactions in the infrastructure and energy sectors throughout the Americas.

Mr Heath's appointment follows that of James Redmond as Infrastructure Debt Associate, also based in New York. Mr Redmond, who joined AMP Capital on 6 June 2016, is responsible for supporting the origination and management of North American-based infrastructure debt investments. Previously, Mr Redmond held roles within the Corporate and Institutional Banking division of BNP Paribas in New York. He was most recently a Project Finance Associate focusing on structuring and executing transactions in renewable energy and power across North America.

Mr Trears said: 'North America is a key market for AMP Capital and I'm pleased to announce these new appointments, which have bolstered our New York team. The infrastructure sector in the US is an area where we have continued to see strong activity and investment opportunity during the year and it's great for our clients that we now have additional energy expertise.

'Infrastructure debt is a growing asset class in the US and we are seeing increased interest from local investors who like its ability to generate consistent, attractive cash yields with capital stability. We find that the risk and return profile of our infrastructure debt strategies is particularly attractive to institutional investors who are looking for yield without having to take on high levels of risk.'

AMP Capital has been investing in infrastructure debt assets since 2000 and focuses on defensive, non- cyclical, cash flow-producing assets.

AMP Capital's global infrastructure debt team now has 12 investment professionals located in London, New York and Sydney.

About AMP Capital

AMP Capital is a specialist investment manager with more than A$160 billion in funds under management as of 30 June 2016 and more than 250 investment professionals. AMP Capital, which is headquartered in Sydney but has offices in locations such as New York, Chicago, London and Hong Kong, has a heritage and strength in real estate and infrastructure, and specialist expertise in fixed income, equities and multi- asset solutions. It is a subsidiary of AMP Limited, which was established in 1849, and is one of Australia's largest retail and corporate pension providers.

AMP Capital is one of the most experienced global infrastructure managers with more than 28 years' experience and having made over 130 infrastructure equity and debt investments globally. AMP Capital was one of the first investors globally to invest in infrastructure when it participated in the financing of the Sydney Harbour Tunnel in 1988. AMP Capital today manages unlisted and listed infrastructure investments in Asia, Europe, North America, Australia and New Zealand.