Ausbil founder steps into Executive Chair role

Ausbil Investment Management has announced a repositioning of its senior leadership team which includes Ausbil founder, Paul Xiradis, stepping into the role of executive chair, effective 13 February 2017.

Xiradis founded Ausbil in 1997 and was most recently the firm's CEO . In taking on his new role as executive chair, he also remains in both of his previous positions as chief investment officer and head of equities.

He has over 37 years' financial services experience with companies such as Westpac Banking Corporation's Investment Management Division, Mercantile & General and Legal & General Asset Management.

Replacing Xiradis as CEO is former head of institutional business, Ross Youngman.

Commenting on the changes Xiradis said: "I'm excited about the future of Ausbil and the improvements we have made within the leadership team, but most importantly the successful management of our client's funds remains sacrosanct. This repositioning is all about intensifying our pursuit of credible, long term outperformance."