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Austock has appointed former Bank of America – Merrill Lynch Australia chief executive Paul Masi as its new group chief executive and managing director.
The Austock board announced Masi’s appointment to the Australian Securities Exchange (ASX) today to succeed Tim Boyle, who will step down but remain on the board as an executive director and take on oversight and development of the group’s investments including the life and funds management businesses as chairman of Austock Investments.
Commenting on his appointment, Masi said he believed Austock presented an opportunity in the Australian financial services landscape to deliver premium investment banking services in the mid-tier market.
