Stanfield Funds Management, an Australia-based fund management and advisory services firm, has named William Liam Ng as new managing director replacing Olney Fraser.

Liam Ng has assumed his new role as managing director on 3 February 2014, while Fraser will remain on the board as a non-executive chairman.

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Previously, Ng was named as an executive director of the company on 14 February 2013 and has been focusing on the expansion of the Stanfield business into the Asian market.

Additionally, the firm has appointed Tao Liu as a non-executive director to expand its business and opportunities in the Asian region.

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