Milford Asset Management announced today that after nine years as Managing Director, Anthony Quirk has signalled his intent to transition from his executive role in order to focus on non-executive opportunities.  After this change, he will remain a Non-Executive Director and a significant shareholder of Milford.

Speaking of his decision, Mr Quirk said that he had reached a stage in his career where he had the opportunity to continue his engagement with Milford at board level, whilst enabling him to pursue a portfolio of other interests.

“The timing is optimal, for both me and Milford,” Mr Quirk says.  “We have excellent momentum in the business, with an exciting strategic roadmap to guide the business forward for the next five years.  We have also completed the implementation of some key process improvement platforms, in particular the internationally recognised Charles River Portfolio Management system, so the business could not be better positioned.”

He will continue in his role while the search for his replacement progresses.

“A smooth transition is important to me, but doubly so as I will continue to remain closely involved with the company.  I am very proud of the numerous achievements of Milford over the past nine years and am very excited about the future for both me and also for the company.”

Milford Chairman, Mark Cross, said “We respect Anthony’s decision and recognise his huge contribution to the success of Milford over the past nine years.  We will welcome his continued involvement as a Non-Executive Director and a significant shareholder.”

“A change at this level presents Milford with an opportunity to bring in a new perspective and we are initiating a local and international search for a replacement.  We’ll be looking for this person to drive the business to achieve our agreed strategy over the next four-to-five years.”