Douglass resigns from Magellan board
Hamish Douglass has resigned from the board of Magellan in light of his continued absence from the firm.
Douglass, who took a medical leave of absence at the start of February, was previously chair of the asset manager as well as chief investment officer and portfolio manager.
A statement to the Australian Securities Exchange (ASX) said his departure was effective from 19 March, 2022 and was due solely to his medical leave of absence.
Douglass’ chair role was currently being taken over by former deputy chairman, Hamish McLennan, who was appointed as non-executive chairman.
The firm said it would seek to recruit an additional independent director.
In the firm’s results earlier this month, it did not confirm when Douglass would be returning to Magellan.
AUTHOR
Laura Dew
Recommended for you
Franklin Templeton has announced it will close its Australian Core Plus Bond Fund, having changed two fixed income funds in its Brandywine range last week.
Investment solution provider Channel Capital has appointed James Archer as its latest distribution director, joining from Pinnacle Investment Management.
Bennelong Funds Management has signed a memorandum of understanding with US private credit manager Monroe Capital to distribute its products in Australia.
Global equity manager Talaria Capital has appointed a Sydney-based sales director as it grows its distribution presence across Australia.
