AUSTOCK Group has sold its asset management business to one of its founding directors, Martin Ryan.
The move is part of the company’s restructure strategy.
The business encompasses the Austock High Yield Fund and the Austock Australian Equity Fund.
Ryan was one of the founders of Austock in 1991, formerly directing the asset management business for the company. His distinguished career includes work in high yield funds and 35 years’ experience in stockbroking and funds management.
Australian Property Journal