Speculation is rife that David Hancock-chaired trade clearing and fintech group FinClear is about to announce the acquisition of rival clearing business Pershing Australia, after trousering a $20 million investment from Magellan last October.

Magellen’s entrepreneurial side already includes principal investments in burritos merchant Guzman y Gomez, investment banking start-up Barrenjoey’s, and a new retirement income product, with another twist possible this week.