Contango names interim CEO and announces Sydney relocation

Contango Asset Management Limited has announced that board director, Martin Switzer, has stepped in as interim chief executive officer, effective 27 October 2017.

The move follows news that George Boubouras has stepped down as managing director and chief investment officer as of last Friday.

According to a statement from Contango, "the change coincides with the Company's decision to focus on the growth of its core offerings and to relocate its operations to the Sydney office as a part of its vigorous cost structure review."

Commenting on Switzer's appointment, Contango chair, Roger Amos, said: "Mr Switzer is well placed to oversee this transition and take a more active role in the growth of the Company's strategic investment in Switzer Asset Management."

Switzer Asset Management is a joint venture owned by Switzer Financial Group and Contango Asset Management.