AMP Capital promotes Pahari to CEO

AMP Capital promotes Pahari to CEO

AMP Capital’s global head of infrastructure equity Boe Pahari has been promoted to chief executive from July 1. He will succeed incumbent Adam Tindall who will retire from the role after five years. Mr Pahari joined AMP Capital in 2010 and has led the global...
AMP Capital promotes Pahari to CEO

Bain Capital in new bid for Virgin Aust

Bain Capital says it is preparing a second-round proposal to buy Virgin Australia Holdings Ltd, as the private equity group positioned itself as the “strongest” suitor to turn around the bankrupt airline. Bain said in a statement on Sunday it was...
AMP Capital promotes Pahari to CEO

Newcrest announces $1.1b capital raising

Australia’s largest listed goldminer has announced a $1.1 billion equity raising, in part to fund its $US460 million ($A703 million) further stake in a goldmine in southeast Ecuador. Newcrest Mining’s capital raising consists of a $1 billion institutional...
AMP Capital promotes Pahari to CEO

Virus volatility saps AMP Capital, wealth

AMP says virus-driven market volatility has eroded the value of assets under management across both its global investment and wealth portfolios. The finance giant told the ASX on Thursday its Australian wealth funds under management declined 13.5 per cent to $116.3...
AMP Capital promotes Pahari to CEO

Oil Search launches $1.2b capital raising

ASX-listed energy producer Oil Search is tapping investors for $US1.16 billion ($A1.90 billion) in order to withstand a prolonged period of low oil prices. The Papua New Guinea and Alaska-focused firm says its $US700 million raising will be conducted at $2.10 per...