Contango MD and CIO departs

Contango Asset Management Limited has announced that managing director and chief investment officer, George Boubouras, has stepped down, effective 27 October 2017.

Marty Switzer, a director of Contango Asset Management, will act as interim chief executive officer.

According to a statement from the firm, "the change coincides with the Company's decision to focus on the growth of its core offerings and to relocate its operations to the Sydney office as a part of its vigorous cost structure review."

Commenting on Boubouras' departure, Contango's chair, Roger Amos, said: "Mr Boubouras has been instrumental in the acquisition of the Contango funds management business, the MBO and the launch of the Contango Global Growth Limited LIC and Switzer Dividend Growth Fund. On behalf of the board of directors, I wish to thank George for his commitment and contribution and wish him well for his future endeavours."