Magellan Financial Group Ltd

MFG: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$13.80	Pbjn	Jhnlgskl

Magellan: Downside From CEO Departure Likely Not as Destructive as Before

Shaun Ler

Oct 25, 2023

The sudden departure of CEO David George is unsettling amid no-moat Magellan's ongoing turnaround efforts. However, while we anticipate additional redemptions stemming from this event, we don’t think the value erosion will be as great as when Brett Cairns and Hamish Douglass—both longtime Magellan personnel—relinquished their CEO and chairman roles in late 2021 to early 2022.

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