Street Talk

Magellan head of strategy exits amid internal reshuffle

Sarah Thompson, Kanika Sood and Emma Rapaport

Sep 25, 2024 – 5.53pm

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Another day, another chief executive getting out the broom for their favoured talent. And Magellan Financial’s new boss, Sophia Rahmani, is wasting little time making changes at the top of the $38 billion manager.

Andrew Formica’s new recruit at Magellan, Sophia Rahmani.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.