Magellan Financial Group Ltd (MFG) is a provider of asset management services. The company, along with its subsidiaries, offers investment management services for global equities and global listed infrastructure strategies. It invests in a portfolio of global companies through its listed and unlisted funds including Magellan Infrastructure Fund, Magellan Infrastructure Fund (hedged), Magellan High Conviction Fund, Magellan Global Fund (hedged), Magellan Global Fund, Magellan Global Trust, Magellan Global Equities Fund, Magellan Global Equities Fund (currency hedged) and Magellan Infrastructure Fund (currency hedged). The company’s clientele base consists of private customers, institutional investors, and high-net-worth individuals in Australia and New Zealand. MFG is headquartered in Sydney, New South Wales, Australia.
Headquarters
Australia
Address
Level 36, 25 Martin Place, Sydney, New South Wales, 2000
Website
www.magellangroup.com.au
Telephone
61 2 92354888
No of Employees
107
Industry
Financial Services
Ticker Symbol & Exchange
MFG (ASX)
Revenue (2023)
$299.4M
EPS
XYZ
Market Cap*
$1.1B
Net Profit Margin (2023)
XYZ
-38.8%
* As of and is in US$
Products and Services
| Services | Brands |
|---|---|
| Equities Advisory | Magellan |
| Investment Management | |
| Asset Management | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In March, the company introduced Airlie Small Companies Fund. |
| 2023 | New Products/Services | In February, the company introduced energy transition investment strategy. |
| 2020 | Contracts/Agreements | In December, the company entered into an agreement to acquire 10% stake in Guzman y Gomez Holdings. |
Competitor Comparison
| Key Parameters | Magellan Financial Group Ltd | Insignia Financial Ltd | Perpetual Ltd | Argo Investments Ltd | Platinum Asset Management Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Sydney | Melbourne | Sydney | Adelaide | Sydney |
| State/Province | New South Wales | Victoria | New South Wales | South Australia | New South Wales |
| No. of Employees | 107 | 1,300 | 1,870 | 14 | - |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David George | Managing Director; Director; Chief Executive Officer | Executive Board | 2022 | - |
| Kirsten Morton | Chief Operating Officer; Chief Financial Officer | Senior Management | - | - |
| Leo Quintana | Chief Legal Officer | Senior Management | - | - |
| Marcia Venegas | Chief Risk Officer; Company Secretary; Chief Compliance Officer | Senior Management | - | - |
| Frank Casarotti | Senior Adviser | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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