In a statement issued by the financial services provider, AMP Capital said Mr Hassell will take up the role effective from 30 April 2015 alongside his existing role as head of fixed income.
“Grant is highly regarded in the New Zealand market for his leadership of AMP Capital's consistently award-winning Fixed Income team,” AMP Capital chief executive and New Zealand chairman Stephen Dunne said in a statement.
“His appointment as managing director enables this leadership capability to be extended across the business.”
“I want to acknowledge the outstanding stewardship of [Mr] Law as managing director over the past six years, successfully steering the business through many challenges and opportunities post the [GFC] and spearheading significant changes that have positioned the business for the future.”
AMP Capital added that Mr Hassell, as incoming managing director, will have an immediate priority to build on the company’s “investment capabilities and deliver on its growth strategy”.
