How Manny Pohl built ECP — and how he plans on leaving it
Having founded two great Australian fund managers, South African-born businessman Manny Pohl is keen for them to outlast him.
Magellan. Platinum. VGI Partners. History is littered with examples of once great Australian funds toppling when founders leave.
It’s a mistake Manny Pohl has seen play out over and over as an investor, and one that he is keen to avoid as a founder.
“Where something is founder-led, there needs to be a succession plan in place because the last thing you want is for them to be hit by a bus and then what happens next? And it's the same with our business here,” the founder and chair of ECP Asset Management told Capital Brief.
More so when your initials are on the door. The South African-born Australian businessman, officially Emmanuel Clive Pohl, acknowledges he frequently fields questions about his plans for succession.
