Magellan Asset management Limited (“Magellan”) announces that Ms Sophie Rahmani has been appointed to the role of Managing Director of Magellan. Ms Rahmani will report to the Executive Chairman of Magellan Financial Group Ltd (“MFG”), Mr Andrew Formica. The Board of MFG intends to appoint Ms Rahmani as Chief Executive Officer of MFG within 12 months of her commencement, at which time it is intended that Mr Formica would revert to Non-executive Chairman of MFG.
Magellan Asset management Limited (“Magellan”) announces that Mr Andrew Formica will take on the role of Executive Chairman of Magellan Financial Group Ltd ("MFG") while it undertakes a search for a new Chief Executive Officer. David George will step down from his role as Chief Executive Officer and Managing Director of Magellan and cease his role as Director of the Boards of Magellan and MFG, effective 25 October 2023.
Magellan Asset Management Limited ("Magellan") announces that Ms. Kirsten Morton has resigned as a Director of Magellan, effective 3 July 2023. Ms. Morton continues in her roles as Chief Financial Officer and Chief Operating Officer of Magellan.
Effective from today, Mr. Alan Pullen has been appointed as portfolio manager of the Magellan Sustainable Fund, replacing the existing portfolio manager Mr. Dominic Giuliano.
Effective from today, Mr. Gerald Stack has been appointed portfolio manager of the MFG Core Infrastructure Fund, replacing the existing portfolio manager Mr. David Costello.
Effective from today, Ms. Nikki Thomas and Mr. Alan Pullen have been appointed as co-portfolio managers of the Magellan High Conviction Fund (“Fund”), replacing the existing portfolio managers Mr. Chris Wheldon and Mr. Michael Poulson.
Magellan Global Fund
Magellan Global Equities Fund (ASX:MGE)
Magellan Global Trust (ASX: MGG)
21 October 2020
MGF Explanatory Memorandum registered with ASIC
This forms part of the proposed restructure and simplification of Magellan’s Global Equities retail funds previously announced on 3 August 2020 (‘Restructure’).
Magellan announced a distribution policy update for the funds for which it acts a responsible entity (‘Fund’ or ‘Funds’). For further information and for the Target Cash Distribution per annum for each Fund, please click on the link.
Proposal to restructure Global Equities Retail Funds.
Magellan announces a proposed restructure of three Global Equities retail funds. Please see below a link to the announcement and updates to the Product Disclosure Statements for Magellan Global Fund and Magellan Global Equities Fund
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