Fund manager Louise Joslin retiring from AMP Capital

AMP Capital has announced the retirement of its longest serving fund manager, Louise Joslin.

The fund manager of the AMP Capital Diversified Property Fund (ADPF) will retire mid-2015 after a 34-year career in the property industry including 20 years at AMP Capital. 

It is anticipated Joslin will work with her successor to effect a seamless transition.

Joining in 1995, Joslin’s time with AMP Capital includes nine years as fund manager of the flagship Australian Core Property Portfolio and in late 2014 she was integral to the acquisition of $4 billion of assets by ADPF and a successful capital raising by the Fund. 

She is a former director and NSW president of the Property Council of Australia. She was in the late 1980s a Raine and Horne Commercial associate director.

One of the largest, unlisted property funds in the country, ADPF has total assets of $4 billion with 18 assets aross the Australian office, retail and industrial property sectors, as well as units in the AMP Capital Shopping Centre Fund and AMP Capital Wholesale Office Fund. 

This includes the newly-developed Macquarie Centre in Sydney, Pacific Fair on Queensland’s Gold Coast, which is currently undergoing significant re-development, and potential developments at Garden City Booragoon in Western Australia and Quay Quarter Sydney.

Last year AMP Capital announced the retirement of another one of the longest-serving members of its leadership team: the director and chief investment officer, property, Andrew Bird.

Andrew Bird will retire this year after a 37-year career in the property industry in the UK and Asia Pacific. He has been responsible for AMP Capital’s property investment and management business since 2004. Mr Bird will be replaced by Adam Tindall, who has been promoted from his current role of Chief Operating Officer, Property.