Maple-Brown Abbott appoints CEO

MBA/Macquarie-Group/Janus-Henderson/ceo/

29 July 2019
| By Laura Dew |
image
image
expand image

Investment manager Maple-Brown Abbott (MBA) has appointed Sophia Rahmani as managing director and chief executive while current managing director Garth Rossler looks to take a step back from management duties.

Rahmani will join in October from her role as chief operating officer (COO) for Pan Asia at Janus Henderson Investors where she had worked for the past six years. Prior to this, she spent eight years at Macquarie Group.

The hire follows several months of succession planning by the firm after Rossler informed the MBA board of his decision to focus solely on investment responsibilities after 10 years as managing director and chief investment officer (CIO). He will continue to work in the CIO role after Rahmani’s appointment.

Robert Lee, chairman of MBA, said: “I would like to take this opportunity to personally thank Garth for the outstanding leadership he has provided over the past decade as managing director and look forward to his ongoing contribution to the firm and our clients.

“In recent years, the firm has enjoyed impressive growth, and we believe that it is an appropriate time to appoint a managing director whose sole focus is managing the business. Sophia has extensive experience in managing and growing global asset managers with experience in Australia, Asia and the US. We look forward to her joining the firm at a time when it is well-positioned for growth.”

MBA has over $14.8 billion in assets under management and runs a range of Australian and Asian equity funds as well as a global listed infrastructure business.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS