For Immediate Release
Ross Youngman will retire in the third quarter of 2023, succeeded by Mark Knight.

Youngman has served as Ausbil’s CEO since 2017 after joining the firm in 2015. During his time, the firm has successfully introduced new global strategies, business systems and he has overseen the growth in funds under management.

During his career, Youngman has held a variety of senior management roles including CEO of both Five Oceans Asset Management and Deutsche Asset Management in Australia.

Mark Knight, Director and Head of Distribution has been appointed CEO designate and will assume full responsibilities effective 1 April 2023. Knight has 30 years’ experience and has held senior positions at Ausbil since 2004.

Ausbil will initiate a search for a Head of Global Distribution capable of implementing Ausbil’s domestic and international distribution strategy. In addition to its well-regarded Australian equity products, Ausbil has a track record in global asset classes including infrastructure, small cap and resources. It’s continuing ambition is to build the Ausbil profile both within Australia and internationally, including jurisdictions such as the USA and Europe.

Paul Xiradis, Executive Chairman and CIO, 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.”

“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,” Xiradis added.

In announcing his retirement, Ross 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. I wish the firm and my colleagues all the very best for the future.”