After over four years of service, Sophia Rahmani has resigned from the role of CEO and managing director of Maple-Brown Abbott Limited.

Since joining Maple-Brown Abbott in October 2019, Ms Rahmani has played a leading role in expanding Maple-Brown Abbott’s investment capabilities, products and distribution channels.

She will step down from all Maple-Brown Abbott boards and committees effective immediately, and will work closely with the Board and the Maple-Brown Abbott leadership team to ensure a smooth transition of responsibilities and continuity for clients. The Maple-Brown Abbott Limited Board will continue to drive Maple-Brown Abbott’s strategic direction during the transition to a permanent replacement.

The Maple-Brown Abbott Limited Board has appointed Melanie McQuire as Maple-Brown Abbott Limited acting CEO and as a member of the Maple-Brown Abbott Limited Board, effective immediately. Ms McQuire joined Maple-Brown Abbott in September 2020 as chief operating officer.

Ms McQuire has outstanding experience in the financial services industry, joining Maple-Brown Abbott from Lazard Asset Management where she was chief operating officer, Asia Pacific, for eight years. Prior to this she spent seven years at Macquarie Asset Management and four years at ING Investment Management.

Ms McQuire currently sits on the Maple-Brown Abbott Funds p.l.c. Board and has previously served in the role of acting CEO.

The role of Maple-Brown Abbott Limited CEO and managing director does not include direct investment responsibilities and these will continue to be fulfilled by chief investment officer Garth Rossler and the relevant heads of investment strategies.

Maple-Brown Abbott Global Listed Infrastructure Pty Limited continues to be managed as a discrete entity by its managing director and other co-founders, and there will be no changes to the management or operations of this business.

Maple-Brown Abbott is proud of the strong long-term investment performance across all its investment strategies, which has been delivered through consistent investment philosophies and processes and enduring operational excellence.

The Maple-Brown Abbott Limited Board would like to thank Ms Rahmani for her work with Maple-Brown Abbott and wishes her all the best for the future. The Board looks forward to working with Ms McQuire in her new role as acting CEO and Board member to continue to provide outstanding investment products and service to all Maple-Brown Abbott’s clients.