Ausbil chief exec to retire

Ausbil ceo Paul Xiradis ross youngman

8 December 2022
| By Jasmine Siljic |
image
image
expand image

Boutique fund manager Ausbil has announced chief executive, Ross Youngman, will retire in the third quarter of 2023. 

Youngman joined Ausbil in 2015 and was appointed as chief executive in 2017. He supported the firm through the introduction of new global strategies and business systems as well as promoting its growth in funds under management.

The chief executive previously managed both Five Oceans Asset Management and Deutsche Asset Management as chief executive and held numerous other senior management positions.

Mark Knight, director and head of distribution at Ausbil, would succeed Youngman as chief executive on 1 April, 2023. He would bring 30 years of industry experience to his new role and had held senior positions at Ausbil since 2004.

Youngman said: “It has been very satisfying to work closely with our clients, both domestically and internationally, and the talented group of executives during my time at Ausbil.”

Paul Xiradis, Ausbil executive chairman and chief investment officer, commented: “We’re totally committed to our clients and the investment performance we’re creating for them. No change there. These developments are consistent with that as well as allowing for the careful growth of our global products.”

He added: “On behalf of our executive team and staff at Ausbil, I would like to thank Ross for his leadership and wish him all the best for his well-earned retirement.”

Ausbil would also initiate a search for its new head of global distribution, a position necessary for implementing the firm’s domestic and international distribution strategy. 

Read more about:

AUTHOR

Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

 
sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

 

MARKET INSIGHTS

JOHN GILLIES

SO NOW YOU ARE NOT ONLY A FUND MANAGER BUT A MIND READER AS WELL ? (Where it should have considered the orders were man...

12 hours ago
Nathan Baker

That's great. If any loss had occurred and clients eventually sue, that will probably occur after the PI has lapsed. Adv...

12 hours ago
Mark Marshall

It is about time that commentary put forward by the Financial Services industry's middleman is supported with hard facts...

1 day 4 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

2 weeks ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

4 weeks 1 day ago

More than 20 winners from the funds management industry have been crowned at this year’s awards....

1 week ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND