Magellan makes investment leadership changes
Magellan has confirmed two investment leadership changes to its team and changed the portfolio managers of its High Conviction Trust.
Chief executive and managing director, David George, was appointed chief investment officer, the role previously held by Douglass.
In this role, he would have oversight of Magellan’s investment capabilities, supporting excellence in decision making, investment processes and risk management.
Gerald Stack, who managed Magellan’s infrastructure funds, was appointed to the role of deputy chief investment officer and would be working together with George.
His responsibilities would draw upon his demonstrated strength in driving engagement and collaboration to optimise activity across the global equities research team.
Magellan said these would allow co-founder Chris Mackay to step back from his oversight role of Magellan’s Global Equities strategy, which was led by Arvid Streimann and Nikki Thomas.
He had assumed this position in February 2022 after Douglass took a temporary leave of absence from the asset manager. Douglass had since returned to Magellan in a consultancy role from October.
The firm also made changes to its High Conviction Trust with Nikki Thomas and Alex Pullen appointed as co-portfolio managers. They would replace Chris Wheldon and Michael Poulson.
Thomas was also manager of the flagship Magellan Global fund alongside Arvid Streimann while Pullen was head of the financials team.
AUTHOR
Laura Dew
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