Ausbil announces several promotions, new CEO

Ausbil Investment Management is strengthening its focus with a repositioning of its senior leadership team.

Ausbil founder Paul Xiradis will become executive chairman, in addition to his current position of chief investment officer and head of equities.

Ross Youngman, former head of institutional business, has been elevated to chief executive, with responsibility for business oversight and strategy.

Mark Knight, former head of retail business, has been promoted to head of distribution and will take responsibility for the overall distribution strategy at Ausbil.

"I'm excited about the future of Ausbil and the improvements we have made within the leadership team, but most importantly the successful management of our client's funds remains sacrosanct," Xiradis said.

"This repositioning is all about intensifying our pursuit of credible, long term outperformance."

Earlier this month, Ausbil was awarded a $48 million Australian equity mandate by Uniting Financial Services.

The portfolio, managed by Xiradis, is a large cap, long-only Australian equities offering, targeting outperformance across all market conditions.

"We are delighted to welcome Uniting Financial Services as a client," said Youngman.

"This is a long term business and the mandate win reflects the continued demand from institutional investors for an experienced team like Ausbil that has performed consistently over long periods."

Ausbil secured a $330 million Australian equity mandate from MTAA Super late last year.

Read more: Ausbil Investment ManagementUniting Financial ServicesMark KnightMTAA SuperPaul XiradisRoss Youngman
Editor's Choice
DARREN SNYDER
The Bernie Fraser review of industry superannuation fund governance puts the onus of proof back on the government to demonstrate that one-third independent boards are the best way forward.
ALEX BURKE
Russell Investments will sell its actuarial consulting business to a leading global advisory firm.
EMMA RAPAPORT
The Financial Planning Association Conduct Review Commission Disciplinary Panel has expelled financial adviser Darren Tindall and issued a fine of $16,000.
EMMA RAPAPORT
The financial services sector should not be tempted by "shiny new [fintech] toys", and must continue to invest in maintenance of their core technology, says APRA chairman Wayne Byres.
Videos
Brought to you by
26 OCT 2016
Innovation can sometimes come from the most unexpected places. In this case, it came from one of the country's largest insurers, AIA Australia. A few years ago, the company started carving a different ...
Get it Daily
Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.
SUBSCRIBE
Products
Pocket investment guides featuring adviser case studies and a glossary.
Investing trends and strategies from the industry’s thought leaders.
Putting the spotlight on investment products that matter.
Expert Feed
Alex Dunnin
FS ADVICE
Taking the risk out of insurance reform
Dysfunctional arguments Americans have regarding their Affordable Care Act remind us how poorly most people understand insurance. Following ...
Stephen Fay
FS SUPER
Reality and perception of super returns
What matters more, the investment return on your superannuation balance or the how you feel about your return? Which does a member ...
Christopher Page
FS PRIVATE WEALTH
Redefining the family office
While the family office model has traditionally been the preserve of the ultra-rich, this may be changing very soon. Last week, Findex ...
Michelle Baltazar
FS MANAGED ACCOUNTS
When the disruptors are getting disrupted
2017 is going to be another year for the disruptors, including managed accounts providers - but their challengers, too, are not too ...
Featured Profile
Professional Subscription for $295
(inc GST) for 1 year.
SUBSCRIBE
OTHER PUBLICATIONS
FS Advice
The Australian Journal of Financial Planning.
Get the free iPad app
Download the Financial Standard iPad app for FREE.
DOWNLOAD
Link to something ZGZi4okq