Patrick Lardner, who replaces Gary Palmer, is returning to Ireland after six years working in Australia, most recently as executive director, capital markets for Hastings Funds Management in Melbourne.
It is anticipated that Palmer will continue to work with the association on a consultative basis for the next 12 months or so to ensure a "smooth transition".
Ken Owens, chairman of the IFIA, said: “Patrick will be a great addition to the association. He brings a wealth of experience of the Asset Management industry to the table. The association is working to develop deeper links into a number of markets in Asia to ensure that Ireland continues to be a key location for international funds being distributed into Asia and Patrick’s experience of operating internationally should be a great asset to the Association.”
According to recently published figures from the European Fund and Asset Management Association, Ireland experienced the highest net inflows of Ucits of all fund domiciles in 2011 attracting some €62bn – almost €50bn more than the next most successful domicile.
Lardner is due to start his new role in mid April.
