Peter Menegazzo will take over as chief executive of Investa from Jonathan Callaghan, leading the local platform and its $12 billion in assets under management as its steps up its partnership with Canadian powerhouse Oxford Properties.

Mr Menegazzo, Investa’s chief investment officer, rejoined the platform in 2007 after an earlier stint at the business from 2002 to 2004. He has also been the fund manager of the $6 billion Investa Commercial Property Fund.