AMP Capital has promoted Debbie Alliston to chief investment officer of its $62 billion multi-asset funds portfolio.
Ms Alliston assumes the role from Sean Henaghan, who is taking a 15-month sabbatical.
She will be responsible for teams within AMP Capital's multi-asset group delivering tailored investment including asset allocation and portfolio construction.
AMP Capital invests funds on behalf of clients as well as AMP, and is managed independently to the AMP Group.
AMP Capital Global head of public markets Simon Warner said Ms Alliston is ideal for the position following seven years managing multi-asset portfolios.
"Debbie has an excellent understanding of the business and how we can execute our strategic priorities in a dynamic market," Mr Warner said on Thursday.
Ms Alliston will report to Mr Warner, who was appointed head of its freshly formed public markets business from October last year.
AMP Capital's parent company AMP recently reported full-year profit dropped 97 per cent, to $28 million, after the firm set aside millions in remediation for its wrongdoings following its royal commission drubbing.
At 1221 AEDT, AMP shares were flat at $2.37.