Stanford Brown appoints new CIO

In a statement yesterday, Stanford Brown confirmed Ashley Owen has filled the role of CIO at the firm, adding he will be key to helping the company grow its services and meet its objectives.

Mr Owen will assist in Stanford Brown's establishment of a managed account run via the Netwealth platform, and the investment committee's twin objectives of beating benchmark returns over the cycle with lower drawdowns, the statement said.

Stanford Brown’s chief executive, Jonathan Hoyle, said: “Ashley is our most significant hire in many years and sets us up for the next stage in our growth plan.

“He is one of the most outstanding portfolio managers in Australia and has a long-term track record of outperformance running a large pool of retail client funds. We are absolutely thrilled to have Ashley on board,” he said.

Mr Owen brings with him more than 30 years’ experience in the financial services sector, with previous roles at ANZ, HSBC and Citibank.