Magellan [ASX:MFG] Profits Half But Shares Surge Double Digits moneymorning.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymorning.com.au Daily Mail and Mail on Sunday newspapers.
As Magellan Financial Group s funds under management and profit drastically decline, its investments in Barrenjoey Capital Partners and FinClear also took a toll on its 2023 financial year performance.
Magellan Financial Group has again overhauled its executive ranks and board, in a move that will see it revert to an old model affecting the roles of chief executive and chief investment officer.