Magellan CEO resigns
Magellan Asset Management chief executive and director, Dr Brett Cairns, has resigned for personal reasons.
In an announcement to the Australian Securities Exchange (ASX), Magellan said it had appointed current chief financial officer, Kirsten Morton, as interim CEO who joined in 2013.
Executive chair, Hamish Douglass, said: “Brett has been a long-standing and key member of our Magellan team.
“Brett was instrumental in the development of Magellan’s exchange traded products and in the development of Magellan’s retirement product, FuturePay.
“On behalf of the company, I would like to thank Brett for his extensive contribution to Magellan since 2007 and with him all the very best in his future endeavours.
“Kirsten is ideally positioned to take on the responsibilities and drive Magellan forward.”
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
