Magellan Asset Management Limited announced the appointment of Mr. David George to the Board of the Company as well as the Board of Magellan Financial Group Limited effective 19 July 2022 with the commencement of his employment. Mr. George's commencement date with Magellan and his appointment to the Board were announced previously to ASX on 11 May 2022 and 9 June 2022. David joined Magellan in July 2022.

As CEO and Managing Director he has overall responsibility for Magellan's operations, including its investment functions. Prior to Magellan, David's career spans over 20 years in institutional investment management across analytical roles, investment management and organisational leadership in Australia and Canada. Most recently, David spent 14 years at the Future Fund (Australia's Sovereign Wealth Fund).

This included roles evaluating and investing alongside external investment managers, leadership of a sector team, and finally as Deputy Chief Investment Officer, Public Markets with responsibility for equities, credit, derivative overlays, public market alternatives, cash and treasury. David also served as a member of the firm-wide Senior Management Team and on all relevant internal investment portfolio management and risk committees. Prior to the Future Fund, David held senior roles at Mercer Investment Consulting, the Royal Bank of Canada and Integra Capital Management.

David is a CFA and CAIA Charterholder and holds a Bachelor of Arts (Economics) degree from Western University in Canada. David also sits on the Board of the CAIA Association and is a trustee of the Standards Board of Alternative Investments. The Board of Directors of Magellan Asset Management Limited now comprise of: Mr. Robert Fraser, Chairman, Mr. David George, CEO and Managing Director, Mr. John Eales, Non-Executive Director, Ms Colette Garnsey, Non-Executive Director, Mr. Hamish McLennan, Non-Executive Director, Ms Kirsten Morton, Chief Financial Officer & Chief Operating Officer, Ms Karen Phin, Non-Executive Director, Non-executive Directors are also members of the Audit and Risk Committee, chaired by Mr. Robert, and Fraser and the Remuneration and Nominations Committee, chaired by Mr. John Eales.