Aurora Funds Limited announced that Simon Lindsay, currently an Executive Director and Head of Distribution will be appointed Managing Director of the company, following the decision of Steuart Roe to step down from the role at the next Annual General Meeting, expected to be in held in October. To ensure a smooth transition to the new arrangements Simon and Steuart will work together to fulfil the responsibilities of the role until that time. Simon has been a Director of Aurora Funds Limited since its inception in 2003, and has extensive experience in the financial services industry in Australia.

Steuart will continue as a Director of Aurora, and the change in role will provide him with more opportunity to focus on investment management, and in particular the continued management of the Aurora Dividend Income Trust.