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
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
