Centuria steps away from joint-chief executive model

Centuria Capital will be led solely by Jason Huljich from November 27, who will take the role of group chief executive, after joint chief executive John McBain decided to step down from the role, which will also come into effect on the same date.

Centuria said the move to a single-chief executive structure is consistent with the board's long-term strategy to ensure a seamless leadership transition as it moves into its next phase of growth.

Both McBain and Huljich co-founded Centuria together and have led the group since April 2008.

Centuria chair Kristie Brown said Huljich's appointment to sole leadership has the complete confidence and support of the board.

"He has spent more than thirty years building Centuria's funds management platform alongside John and brings deep knowledge of every part of our business, strong relationships across the market, and a clear vision for where we take Centuria next. The board is genuinely excited about the growth ahead under his leadership," Brown said.

Huljich said he is honoured by the board's confidence and excited for what's ahead.

"Centuria is in a strong position and I'm looking forward to leading the team as we build on the platform John and I have grown together. I want to thank him for his partnership over more than three decades and I'm glad we'll continue working together as he takes up his new role on our boards," Huljich said.

McBain moved to Australia in 1990 and was a pioneer in real estate securitisation through Century Funds Management, the genesis of what is now Centuria. He will remain as a non-executive director across a number of the boards, including Centuria Capital, Centuria Life, Centuria Bass Credit and Asset Plus.

McBain said: "It has been a great privilege to build Centuria alongside Jason from a small team with a handful of investors to the business it is today. I couldn't be prouder of what we've created together, or more completely assured of the ability of Jason and the leadership team to take it forward.

"Centuria has always felt like family to me, but I feel that the time is right and I'm genuinely looking forward to staying involved supporting Jason and the team in a non-executive capacity as well as spending more time on my private interests, and especially my family."

Brown, on behalf of the board, acknowledged McBain's contribution as a business founder.

"What he and Jason built together, from a standing start into a $22 billion ASX-listed group is a truly rare achievement and one worthy of real celebration. We are very pleased that John has chosen to stay involved as a non-executive director - this continuity is a significant asset as we move into this next chapter," Brown said.