Extraordinary General Meeting of Magellan Financial Group Limited held on December 14, 2022 announced the appointment of Mr. David Dixon as a Non-Executive Director of the Board of MFG with effect from December 15, 2022. The appointment of Mr. Dixon forms part of the ongoing Board renewal process previously announced. David Dixon has over 30 years' experience in leading and growing investment businesses within the funds management industry.

He has extensive experience as a senior investment leader, board trustee and director of companies. From 2013 - 2020, David was Chief Investment Officer, Equities at First Sentier Investors. In this role, David was responsible for the Australian based equity teams managing domestic and international equities.

He also was responsible for the global equities dealing teams in Australia and overseas. From 2003 - 2013 he was FSI's Global Chief Investment Officer, where he was responsible for the investment functions within the entity, of the Australian and global equities, global infrastructure, global resources, global property, quantitative equites, fixed income, private equity investments, economics and market research. Prior to FSI, David was the Head of Equities (1995 - 2002) and Chief Investment Officer at Insurance Australia Group Limited.

From 1986 - 1995 he held numerous roles at Westpac Investment Management including equity analyst, portfolio manager and Head of Corporate Research. David is currently a Deputy Chairman and Non-Executive Director of Magellan Asset Management Limited, MFG's main operating subsidiary and Non-Director Member of the Aware Super Investment Committee (appointed January 2021). He also previously held directorial roles across a number of Commonwealth Bank of Australia subsidiaries within the Wealth Management division along with member roles on ASIC's Market Supervision Advisory Panel and the Financial Services Council Investment Board.

David was awarded the Financial Services Council Industry Excellence Award in 2012. He holds a Bachelor of Business (Finance and Economics) from the University of Technology Sydney.