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Magellan Financial Group Ltd (MFG) is a specialist asset manager with a focus on global equity and infrastructure strategies. The company's primary investment strategies include Global Equities, Infrastructure Equities, and Australian Equities, which are managed through its Airlie Funds Management business. Magellan offers a range of investment funds, including the Magellan Global Fund, MFG Global Fund, and the Airlie Australian Share Fund, among others. The company serves a diverse clientele, including retail investors in Australia and New Zealand, high-net-worth individuals, and institutional investors globally. Its services are utilized across various industries for investment research, administrative services, investment management, and sub advisory services under client mandates. The company primarily operates 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
111
Industry
Financial Services
Ticker Symbol & Exchange
MFG (ASX)
Revenue (2024)
$210.4M
-15.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-30.9%
(2024 vs 2023)
Market Cap*
$1.2B
Net Profit Margin (2024)
XYZ
-18.0%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Services | Brands |
|---|---|
| Equities Advisory | Magellan |
| Investment Management | |
| Consulting Services | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In August, the company acquired a 29.50% stake in Vinva Investment Management Limited, an investment firm. |
| 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. |
Competitor Comparison
| Key Parameters | Magellan Financial Group Ltd | Insignia Financial Ltd | Perpetual Ltd | Argo Investments Ltd | L1 Group Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Sydney | Docklands | Sydney | Adelaide | Melbourne |
| State/Province | New South Wales | Victoria | New South Wales | South Australia | New South Wales |
| No. of Employees | 111 | 1,300 | 1,789 | 14 | - |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Andrew Formica | Chairman | Executive Board | 2023 | - |
| Kirsten Morton | Chief Financial Officer; Chief Operating Officer | Senior Management | - | - |
| Leo Quintana | Chief Legal Officer | Senior Management | - | - |
| Hamish McLennan | Deputy Chairman | Non Executive Board | 2023 | - |
| Gerald Stack | Head - Infrastructure; Head - Investment; Portfolio Manager | Senior Management | 2007 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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