Qualitas has appointed Philip Dowman to the role of Chief Financial Officer, a role he previously held at IFM Investors. He replaces Kathleen Yeung, who has been appointed to the new role of Managing Director, Global Head of Strategy.

Andrew Schwartz, Group Managing Director, said, “Qualitas’ executive structure has been evolving in line with the growth of the firm. At this point in the business’ maturity we require a role that’s focused on working with the executive team to develop strategic initiatives that best match the opportunities the market is presenting. This new, dedicated role is testament to the work Kathleen has done to date in this regard, including leading the launch of our first listed investment trust last year.

“We are fortunate to have found a new CFO of Philip’s calibre and experience to join the firm.  His previous role as CFO of one of Australia’s largest fund managers will be of great value to us, ensuring we have the optimal operational platform to match our expanding mandates.”

Philip will join the Executive Committee of the firm, effective immediately, after consulting to Qualitas for the past three months. He said he is pleased to become a permanent part of the team.

“I have been impressed by the strategic ambition that Qualitas has to grow its funds management platform, and I welcome the opportunity to contribute through my understanding of global funds management practices, particularly within an institutional framework. I am excited to be engaging collaboratively with the leadership team and Board of Qualitas as we execute on the firm’s strategy,” he said.

Kathleen, who joined Qualitas in 2014, has previously split her time between CFO and Head of Strategy; she will now have a dedicated focus on the latter.

“As a market-leading alternative asset financier, Qualitas is in the unique position of having a large number of potential opportunities to pursue in both the domestic market and offshore. I very much look forward to helping the team focus on those opportunities that make the most sense for us,” she said.