A $14 billion boutique investment manager will welcome a new chief executive and managing director.
Maple-Brown Abbott has appointed Sophia Rahmani to lead the business, effective October 14.
She joins from Janus Henderson where she was most recently chief operating officer, Pan Asia. Prior to this she was chief operating officer, Australia for the firm.
Rahmani will replace Garth Rossler who is stepping back to focus on his responsibilities as chief investment officer. Rossler has led the firm for 10 years.
"I would like to take this opportunity to personally thank Garth for the outstanding leadership he has provided over the past decade as managing director and look forward to his ongoing contribution to the firm and our clients," Maple-Brown Abbott chair Robert Lee said.
With the growth the business has experienced in recent years, Lee said it is an appropriate time to appoint a managing director whose sole focus is managing the business.
"Sophia has extensive experience in managing and growing global asset managers with experience in Australia, Asia and the United States. We look forward to her joining the firm at a time when it is well positioned for growth," he said.
Rahmani began her career at Macquarie as a business analyst within Macquarie Capital. She spent close to five years working for Macquarie in the United States before returning to Australia as head of strategy, business development and communications for Macquarie Funds Group - a role she held for three years to 2013.
Commenting on her new role, Rahmani said: "I have a very high regard for the MBA Australian and Asian equities strategies. These capabilities are run by very experienced teams with long-dated proven performance track records which provides me with great confidence in the future of the business."
"MBA is widely respected as a firm with a long history of high integrity and focus on client outcomes, and I believe it has a culture of strong alignment between clients and employees. I am delighted to be joining the team and excited about what we can do together."