The Board of Magellan Financial Group Limited announced that the Group has appointed Mr. David George as Chief Executive Officer. Mr. George is a respected investment leader with over 20 years' experience across analytical roles, investment management and organizational leadership in Australia and Canada. Most recently, Mr. George held the role of Deputy Chief Investment Officer, Public Markets at the Future Fund (Australia's Sovereign Wealth Fund), where he oversaw an asset base in excess of AUD 170 billion and four teams comprising 25 investment professionals.

Mr. George will take direct responsibility for the Group's investment functions as well as having overall responsibility for Magellan's operations as the CEO.