Ausbil appoints distribution leader from Magellan

Magellan Ausbil distribution institutional investors

8 September 2023
| By Laura Dew |
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Ausbil has appointed a head of global institutional distribution from Magellan.

Adrian Amores will join the global investment management business in October and will be supported by Fawaz Rashid who has been promoted to the position of senior manager, global institutional distribution.

Amores previously spent seven years at Magellan as its institutional business director wherein he led the firm’s distribution strategy across APAC and North America, including four years in Chicago.

Prior to this, he spent seven years at AMP Capital in the global distribution team as well as at consultancies EY and PwC.

Rashid, who took up the new role on 1 September, has been working at Ausbil for eight years and previously worked in research roles at Challenger Group, Lonsec and ING Group.

“Ausbil has expanded capacity significantly across global strategies over the last five years to add to our already successful and longstanding Australian equities capabilities,” said Mark Knight, Ausbil chief executive.
 
“Our global institutional distribution team will focus on converting the growing interest from global capital allocators in both the wholesale and institutional markets. At the same time, we will maintain a laser-like focus on our all-important domestic institutional business.”

Knight, former head of distribution at Ausbil, took up the CEO role in April after the retirement of Ross Youngman who had been its CEO since 2017.

There has been a series of moves from Magellan: former senior investment analyst Abbey Cook joined Fairlight Asset Management as a portfolio manager; Vihari Ross, former head of research, joined Antipodes as a portfolio manager back in March; and more recently, head of ESG Dom Giuliano also stepped down from the role. 

Ausbil manages $16.3 billion in funds under management, and recently won the Responsible Investment Fund of the Year at Money Management’s Fund Manager of the Year Awards for its Ausbil Active Sustainable Equity Fund.

 

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