Ausbil hires from Magellan

Ausbil Investment Management is expanding its distribution team with the appointment of two new hires, one landing from Magellan Financial Group.

Adrian Amores joins as head of global institutional distribution after working more than seven years at Magellan in a similar role.

He drove Magellan's distribution strategy across the Asia Pacific and North America.

Before that, Amores worked in international distribution with AMP Capital, JANA Investment Advisors, Ernst & Young and PricewaterhouseCoopers.

The second recruit is Fawaz Rashid, who has been promoted to a senior manager role and tasked with supporting Amores in developing Ausbil's domestic and global footprint.

Rashid has been with Ausbil for over eight years, leading the efforts with research houses in the wholesale business and with the New South Wales distribution team.

He previously worked at Challenger Group (including Fidante Partners), Lonsec, ING and MLC.

"Ausbil has expanded capacity significantly across global strategies over the last five years to add to our already successful and longstanding Australian equities capabilities," said Ausbil chief executive Mark Knight.

"Our global institutional distribution team will focus on converting the growing interest from global capital allocators in the wholesale and institutional markets," he added.

"At the same time, we will maintain a laser-like focus on our all-important domestic institutional business."