Investment manager Maple-Brown Abbott (MBA) has appointed Sophia Rahmani as managing director and chief executive while current managing director Garth Rossler looks to take a step back from management duties.
Rahmani will join in October from her role as chief operating officer (COO) for Pan Asia at Janus Henderson Investors where she had worked for the past six years. Prior to this, she spent eight years at Macquarie Group.
The hire follows several months of succession planning by the firm after Rossler informed the MBA board of his decision to focus solely on investment responsibilities after 10 years as managing director and chief investment officer (CIO). He will continue to work in the CIO role after Rahmani’s appointment.
Robert Lee, chairman of MBA, said: “I would like to take this opportunity to personally thank Garth for the outstanding leadership he has provided over the past decade as managing director and look forward to his ongoing contribution to the firm and our clients.
“In recent years, the firm has enjoyed impressive growth, and we believe that it is an appropriate time to appoint a managing director whose sole focus is managing the business. Sophia has extensive experience in managing and growing global asset managers with experience in Australia, Asia and the US. We look forward to her joining the firm at a time when it is well-positioned for growth.”
MBA has over $14.8 billion in assets under management and runs a range of Australian and Asian equity funds as well as a global listed infrastructure business.