Aurora Funds Limited has announced the appointment of Stephen Karrasch as its new head of distribution. The appointment follows Simon Lindsay's promotion to managing director in November 2014 and the recently announced sale of Aurora's funds management business to Keybridge Capital Limited. Karrasch joins Aurora from Philo Capital Advisers where he spent 11 months as head of sales. Prior to this he was a founding member of OneVue, responsible for business development and group sales strategy.