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Showing 1 - 10 of 35 results for "Brett Cairns"

Magellan appoints new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
Magellan Financial Group has named its new chief executive and managing director, hiring from the Future Fund. Currently deputy chief investment officer, public markets at Future Fund, David George will take on the top job at embattled Magellan from ...

Douglass exits Magellan board

KARREN VERGARA  |  MONDAY, 21 MAR 2022
... St. James's Place yanked $23 billion of its investors' money and several internal issues began to unravel. Brett Cairns resigned as chief executive and the firm's co-founder Chris Mackay stepped in to oversee the portfolio management of Magellan's ...

Magellan loses $5bn in fortnight

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... James's Place pulled a $23 billion mandate last December. This was followed by a reshuffle at the executive level. Brett Cairns resigned as chief executive and chair Hamish Douglass took an indefinite leave of absence. The firm's co-founder Chris ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... billion mandate, leaving a 12% gaping hole in revenue. This was followed by troubles at the executive level with Brett Cairns resigning as chief executive and chair Hamish Douglass announcing the separation from his wife Alexandra Douglass and then taking ...

Magellan fund loses $1bn in five months

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... second half of 2021, when institutional shareholder St. James' Place yanked out $23 billion. A confluence of Brett Cairns resigning as chief executive and chair Hamish Douglass announcing his divorce and taking a medical leave of absence have led ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... $95.5 billion in the space of three months between September and December 2021. In the same period, chief executive Brett Cairns resigned for personal reason, while Douglass had to appease shareholders worried about what the separation from his wife ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... FUM, Magellan's next four largest mandates make up just 2% of its FUM. And Ler isn't worried about chief executive Brett Cairns resigning or Hamish Douglass announcing his divorce - saying these events have no bearing on the company's investing calibre ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
... shareholder asked the board to review the cost of its mandate with Magellan. Earlier this month, Magellan chief executive Brett Cairns departed suddenly. This year also saw Magellan's global equities strategy drop by $4 billion - with outflows of $1.5 ...

Magellan chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
The chief executive of Magellan, Brett Cairns, has resigned for personal reasons. The fund manager's chief financial officer Kristen Morton is stepping in as interim chief executive. Morton has been chief financial officer at Magellan for more than ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... the level of franking attached to dividends will likely increase," Magellan Financial Group chief executive officer Brett Cairns said in its annual report. At the full 30% tax rate, Magellan would have paid $101.2 million taxes this year. However, it ...
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