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Magellan announces board addition

Magellan announces board addition

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David Dixon is set to join the board of the fund manager.

Magellan Financial Group has appointed David Dixon as a non-executive director and deputy chairman on the board of its main operating subsidiary, Magellan Asset Management.

The new appointment will take effect from 1 November, with Mr Dixon set to be added to the board of Magellan Financial Group in due course.

“The board welcomes David’s extensive experience as a senior investment leader, and company and trustee director,” said Magellan Asset Management chairman, Robert Fraser.

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“His deep investment experience will be invaluable to the Magellan group and we look forward to his contribution for the benefit of our clients.”

Magellan noted that Mr Dixon has over 30 years of experience in leading and growing investment businesses within the funds management industry.

He served as CIO, equities, at First Sentier Investors between 2013 and 2020, where he was responsible for the Australian-based equity teams managing domestic and international equities and the global equities dealing teams in Australia and overseas.

Mr Dixon was also the firm’s global CIO between 2003 and 2013 with responsibility for the investment functions within the entity across Australian and global equities, global infrastructure, global resources, global property, quantitative equities, fixed income, private equity investments, economics and market research.

Prior to this, he held the roles of head of equities and CIO at Insurance Australia Group along with numerous roles at Westpac Investment Management including equity analyst, portfolio manager and head of corporate research.

“It is with great pleasure that I join the Magellan Asset Management Limited board. I look forward to working with the board as we focus on the future,” Mr Dixon said on his appointment.

Currently, Mr Dixon is a non-director member of the Aware Super Investment Committee. He has also held directorial roles across a number of Commonwealth Bank subsidiaries and member roles on ASIC’s Market Supervision Advisory Panel and the Financial Services Council Investment Board.

The new board appointment comes after Magellan recently made multiple changes to the leadership of its investment team.

Magellan announces board addition

David Dixon is set to join the board of the fund manager.

Magellan announces board addition
Magellan announces board addition
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Jon Bragg

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.

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