Standard & Poor’s Fund Services (S&P) has announced it will not change its ratings for Ausbil funds following the resignation of Ausbil Dexia’s investment analyst Graeme Petroni.
Petroni will leave the fund manager at the end of January and the company informed S&P it was in the process of seeking his replacement.
In the interim, head of equities and chief executive Paul Xiradis will assume Petroni’s coverage of the financial sector, which S&P said was the process it was comfortable with.
Xiradis provided analytical coverage of the financial sector in addition to his other responsibilities before Petroni’s appointment in 2007.
