Ausbil’s CEO to retire

Oksana Patron

8 December 2022

Ausbil has announced that its current chief executive, Ross Youngman, will retire in the third quarter of 2023 and will be succeeded by Mark Knight.

Knight, who is director and head of distribution, has been appointed CEO designate and would assume full responsibilities effective 1 April 2023. He has 30 years’ experience and has held senior positions at Ausbil since 2004.

Ausbil said it would begin a search for a head of global distribution capable of implementing Ausbil’s domestic and international distribution strategy.

“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,” Paul Xiradis, executive chairman and chief investment officer, said.

“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.”

“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. I wish the firm and my colleagues all the very best for the future,” Youngman commented on his departure.

Youngman has served as Ausbil’s CEO since 2017 after joining the firm in 2015 and has held a variety of senior management roles including CEO of both Five Oceans Asset Management and Deutsche Asset Management in Australia.