Following the management buyout, Goldman Sachs Asset Management’s (GSAM) equity and fixed income business in Australia will be rebraded as Yarra Capital Management.

In September this year, GSAM signed deal to offload its Australian focused investment capabilities and fund platform in a management buyout backed by private equity firm TA Associates.

The management buyout of $8bn Yarra Capital Management is expected to be complete by the end of December 2016.

Led by managing director and head of equities Dion Hershan, the new venture will also include ex-managing director and president of the Future Fund Mark Burgess as its independent chair.

Commenting on the appointment, Hershan said: "We couldn't be happier that Mark has come on board as Yarra Capital's Independent Chairman. He has extraordinary experience in Australian financial services and is already adding significant value across a range of areas."

Others member of the team will include Katie Hudson as head of Australian equities research and small cap portfolio manager, Roy Keenan as head of fixed income and multi-sector, and Brett Davidson as chief operating officer.