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Magellan reshuffle reignites key man risk

David George will be chief executive and chief investment officer of Magellan, replicating the structure in place under Hamish Douglass. 

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Magellan Financial Group sure knows how to throw the market a curveball.

Just a few months after joining as chief executive, David George announced on Monday that he would also be taking on the role of chief investment officer, with co-founder Chris Mackay ending his oversight of the group’s all-important flagship fund. Surprise!

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/magellan-reshuffle-reignites-key-man-risk-20221017-p5bqf3