Magellan head of global equities Arvid Streimann resigns
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More news: Shares in Magellan Financial Group fell after the exit of its head of global equities Arvid Streimann, following an investigation into an alleged relationship with a junior employee.
Magellan shares were down 1.73% to $9:11, at 11:45am AEDT and over the last 12 months has tumbled 14.78%.
Magellan head of global equities Arvid Streimann resigns
The news: Magellan Financial Group head of global equities Arvid Streimann has resigned effective 19 November following an investigation into an alleged relationship with a junior employee.
The context: Responding to an article published in the Financial Review, Magellan said the issue was under internal investigation.
Effective today, the Magellan Global Fund and the Magellan Global Equities Fund (Currency Hedged) will be run by Alan Pullen and Casey McLean.
