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Magellan Financial Group Ltd ( (AU:MFG) ) has issued an update.
Magellan Financial Group Ltd has appointed Sophia Rahmani as its new CEO and Managing Director, effective March 2025, marking the end of a transitional leadership phase. Rahmani, who joined the company in May 2024, has been pivotal in stabilizing operations and forming strategic partnerships, such as with Vinva. As Andrew Formica transitions to Non-Executive Chairman, the company expects continued growth and strengthened client relationships under Rahmani’s leadership, aligning with its focus on excellence and long-term success.
More about Magellan Financial Group Ltd
Magellan Financial Group Ltd is a specialist financial services business, established in 2006 and headquartered in Sydney, Australia. It manages approximately $39.1 billion in assets, focusing on global equities, global listed infrastructure, and Australian equities for retail, high net worth, and institutional investors. The company is listed on the Australian Securities Exchange and has strategic partnerships with Barrenjoey Capital Partners, Vinva Investment Management, and FinClear.
YTD Price Performance: -9.16%
Average Trading Volume: 835
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.08B
Learn more about MFG stock on TipRanks’ Stock Analysis page.
