Citi director joins boutique investment manager

David Lloyd has joined Ausbil's equity research team as equity analyst.

Lloyd had been a director at Citi, covering listed real estate and infrastructure. His equity analyst credentials go back several years, having been an analyst with Goldman Sachs and CBA before taking on a managing director role with Morgan Stanley.

In a statement to Financial Standard, Ausbil's Nicholas Condoleon said they were delighted to welcome Lloyd to the team. "He is deeply experienced and will bring significant capabilities to Ausbil.

"We are investing in the depth and strength of our research team, especially in the current environment, as we focus on finding companies that will benefit from the recent stimulus packages, and that are best positioned when the market recovers."

Lloyd will look after REITs, real estate, diversified financials, and insurers in new role.

Reporting from Kanika Sood at Financial Standard contributed to this story.