Australia-based Contango Asset Management has hired legal, risk and compliance expert Hari Morfis as its new general counsel.

She is joining Contango from UBS, where she most recently served as head of compliance for the wealth management Australia operations.

Contango managing director and chief investment officer George Boubouras said that Ms Morfis’ appointment is a major milestone, with the business poised to embark on a busy new phase of its growth strategy.

“A high quality addition the likes of Hari is very significant news for the business, our clients, partners and shareholders,” Boubouras said.

Morfis said she was delighted to be joining Contango, attracted by both the ambitious growth strategy and the opportunity to work with its high quality team.

Morfis added that the focus on the long term alignment of the interests of staff, shareholders and investors via an equity and dividend scheme, in place of staff rewards and bonuses, was a compelling factor in joining Contango.

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“I’m delighted to join Contango Asset Management. It’s an established business with a very experienced Investment Team and great culture and values – but with a really exciting path ahead,” Morfis added.

Contango Asset Management is a boutique wholesale and LIC fund manager, with mandates across the entire market capitalisation spectrum.