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Showing 1 - 10 of 113 results for "Magellan Financial"

Pay gaps at super funds, fund managers revealed

JAMIE WILLIAMSON  |  TUESDAY, 27 FEB 2024
... pay gap comes in at 39.7% for base salaries and 34.2% for median total remuneration. The next largest is at Magellan Financial Group with 31.2% for base salaries and 32.9% for median total remuneration. As for other listed examples, AMP's median ...

Maple-Brown Abbott chief executive jumps ship

ANDREW MCKEAN  |  THURSDAY, 15 FEB 2024
... who joined Maple-Brown Abbott in October 2019 from Janus Henderson, has been named as managing director of Magellan Financial Group. In her stead, Melanie McQuire has been appointed as acting chief executive and as a member of the Maple-Brown Abbott ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
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 (FUM). Currently ...

Magellan cops first strike for remuneration

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
Almost 60% of Magellan Financial Group's shareholders rejected the company's remuneration report at yesterday's annual meeting, registering a first strike. More than 58% of Magellan's shareholders voted against the report on executive pay following ...

Magellan downplays collapse, open to takeover

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
The newly appointed executive chair of Magellan Financial Group played down the risk of the company collapsing and admitted that the fund manager is an attractive takeover target as he faced tough questions at today's annual general meeting. Andrew ...

GQG Partners FUM declines

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
... alliance. However, they're yet to win over River Capital, the largest shareholder of PAC. Separately, besieged Magellan Financial Group has slowed, but not stopped, the bleeding of its FUM. The fund manager, in an ASX announcement on Monday, reported ...

Magellan chief executive quits

CASSANDRA BALDINI  |  WEDNESDAY, 25 OCT 2023
After 17 months in the top job, David George has relinquished his positions as Magellan Financial Group chief executive and managing director, effective immediately. Magellan's board said it is the right moment to redirect their leadership and thanked ...

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
Magellan Financial Group's funds under management (FUM) has continued to nosedive, following the fund manager registering $2 billion in net outflows. At September end, the ASX-listed company's FUM stood at $35 billion, consisting of $16.2 billion from ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... Regal owns 12% of PAC, while River Capital is the largest shareholder with a 19% stake. In another development, Magellan Financial Group announced the retirement of non-executive director Colette Garnsey, effective at the close of the company's annual ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
As Magellan Financial Group's funds under management and profit drastically decline, its investments in Barrenjoey Capital Partners and FinClear also took a toll on its 2023 financial year performance. The group's average funds under management ...
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