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.”
