Ausbil strengthens distribution ranks

Ausbil Investment Management appointed Rob Lester as business development manager for NSW and ACT.

With more than 10 years of experience in retail distribution, equities research and client advisory, Lester will be responsible for servicing wholesale clients throughout New South Wales and the Australian Capital Territory.

He will be based in Sydney and report to head of wholesale sales, ex-North America Fawaz Rashid.

Lester was most recently at Allan Gray Australia, working in wholesale distribution. He also worked as research manager at GLG, and held roles with Mainstreet Financial Group and TDU Link. In his spare time, Lester is an officer cadet in the Australian Army Reserve, Ausbil noted.

Rashid said Lester is a valuable addition to the Ausbil team.

"His experience across retail distribution and investment management, coupled with a thorough understanding of the needs of wholesale clients, positions him well to contribute meaningfully to our business. We look forward to welcoming him as we continue to cultivate long-term partnerships with investors across the region," he said.

For his part, Lester said he is excited to be taking on the role.

"I'm very pleased to be joining Ausbil, given its strong reputation for active management and long-standing relationships with clients," he said.

"I look forward to working with the broader distribution team to support our wholesale partners across NSW and the ACT."