Media release – 23 February 2023

Milford Asset Management chair Gavin Walker announced today that Mark Ryland will be stepping down as Milford’s Chief Executive Officer at the end of March 2024.

“Mark has brought total commitment and high energy to the CEO role and I’ve enjoyed working with him through a time of immense disruption to world markets and economies,” Mr Walker said.

“Despite the challenges represented by the Covid pandemic during a large proportion of his five-years at the helm, Mark has successfully led our business through a period of strong and high-quality growth, with FUM increasing from $6 billion in 2019 to over $17 billion and a material increase in market share.

“Mark’s focus on ensuring consistent delivery of outstanding performance and service to our clients, together with the further development of our strong digital capability and culture, will be a legacy of which he can be very proud.”

In March next year he’ll step aside from his current role and embark on his next challenge after time with family and travelling.

Mr Walker said the Board is very appreciative that Mark has provided an extended notice period, enabling a thorough process to be completed to appoint and transition a new CEO.

“In the meantime, my fellow Directors and I look forward to continuing to work with Mark over the next twelve months.”