Australian advisory firm Stanfield Funds Management names a new managing director.

Stanfield Funds Management, the ASX-listed fund management and advisory services firm, has appointed a new managing director.

William Liam Ng assumes the role of executive director effective 14 February 2013, to replace Darren Olney Fraser, who will remain on the board as a non-executive chairman. In addition, in 3 February, he also officially joined as managing director.

Stanfield was established in 1972 and offers a range of services that include direct investment in listed and unlisted firms and unit trusts, executive and senior management services for listed an unlisted corporates, and corporate "turn around" and advisory services, among others.