Ausbil appoints former Five Oceans CEO

Ausbil Investment Management has appointed Ross Youngman as head of institutional business. Youngman previously held the roles of CEO and executive chairman of Five Oceans Asset Management, CEO of Deutsche Asset Management in Sydney, and head of Deutsche's US Mutual Fund Business. Prior to these roles, he was head of BT Funds Management New York. Youngman replaces Adam Lancaster who left the firm in late 2014 after 13 years as director of distribution.