Mr Youngman was formerly the head of institutional business with the company and has three decades of experience in the funds management industry, and takes over from Paul Xiradis.
Mr Xiradis will take on the role of executive chair, and will continue on in his capacity as chief investment officer and head of equities.
“I’m excited about the future of Ausbil and the improvements we have made within the leadership team, but most importantly the successful management of our client’s funds remains sacrosanct,” Mr Xiradis said.
“This repositioning is all about intensifying our pursuit of credible, long term outperformance.”
Additionally, the company has promoted former head of retail business Mark Knight to the role of head of distribution, with plans to hire a new senior institutional business manager in the near future.
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