Platinum Asset Management and Magellan Financial Group both had bad years and are making changes. But will the end of their rock star chief investment officers really help?
Net profit after tax at Magellan has declined by 52 per cent as it releases its full-year results for FY22–23, its first in a five-year transformation strategy, and makes several people moves.
Magellan has appointed Amy Krizanovic as head of ESG and it is understood her predecessor and former deputy CIO, Dom Giuliano, has departed the firm after 16 years.