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Magellan names Rahmani as new chief, reports NPAT lift

Magellan Financial Group is hopeful new managing director Sophia Rahmani will help steady the ship, as it sharpens its focus on the US and reports a 24% increase in statutory net profit after tax despite plummeting funds under management.

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Read more: Magellan Financial Group,  Sophia Rahmani,  Airlie Funds Management,  Alan Pullen,  Andrew Formica,  Arvid Streimann,  Barrenjoey Capital Partners,  David George,  FinClear,  Magellan Asset Management,  Magellan Global Fund Closed Class,  Maple-Brown Abbott