Alexander Funds co-founder Rachel Shirley has moved into the role of CEO as the boutique funds manager looks to delineate its investments business from its operations.
Ms Shirley had served as COO since 2009 when she founded the firm with MD Chris Black and was responsible for leading its growth strategy and overseeing the implementation of new technology and innovations.
As a result of the new appointment, Mr Black will now focus solely on the portfolio management of Alexander’s two credit funds and its expanding investment team.
In the role of CEO, the firm said that Ms Shirley would now drive broader business initiatives and the strategic directions set by the board as Alexander continues to evolve.
“There are a lot of exciting developments in the pipeline and I’m excited to lead the team through this period of growth,” said Ms Shirley on her appointment.
Alexander executive chair Tim Cox and the firm’s growing operating and executive team will support Ms Shirley in the new role.
“I’ve worked closely with Rachel for many years and am very pleased that she will continue to deliver excellent outcomes for the business,” said Mr Cox.
“Over the next three to five years the business is aiming for meaningful and sustainable growth. This appointment will ensure that the best interests of investors continue to be served as the business develops.”
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.