Ausbil expands distribution team

Ausbil Investment Management has appointed Mr Fawaz Rashid to the position of Business Development Manager, Retail, based in Sydney.

Fawaz has extensive managed fund research experience in addition to managing research house relationships on behalf of boutique investment managers at Challenger/ Fidante Partners. He will work alongside James Harding and service both the NSW and WA adviser markets.

“Our retail markets continue to grow, so it’s very important that we maintain our service commitment to planners. At the same time, we’re responding to demand for specialist strategies such as long short and equity income. Our strategic partnership with New York Life Investment Management (NYLIM) presents us with further opportunities. Fawaz’s broad experience and his technical capability will help us to ensure an alignment with both the research and adviser communities”, said Mark Knight, Head of Retail Business.

Ausbil is an Australian equities specialist with $10b in funds under management. NYLIM is the third party global asset management business of New York Life with US$537b in funds under management.

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