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Australian Asset Manager Magellan Sees U.S. Market as Growth Opportunity -- Interview

By Alice Uribe SYDNEY--Magellan Financial Group has hired peer Perpetual's former Americas distribution head to run its U.S. operations as it looks to build...

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Magellan Financial 1H Net Profit A$104.06 Million, Up 24% on Year

By Alice Uribe SYDNEY--Magellan Financial Group posted a 24% rise in half-year profit, with cost-management initiatives tracking in line with guidance. The...

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Magellan Financial Shares Fall on CEO Exit, Cost Guidance Revision

By Alice Uribe SYDNEY--Magellan Financial's shares fell after it announced the departure of its chief executive and raised its fiscal 2024 cost guidance....

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Magellan Financial FY Net Profit A$182.7 Million, Down 52% on Year

By Alice Uribe Magellan Financial Group said its annual profit fell by 52%, but flagged early signs of improvement in investment performance. The Australian...

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Magellan Shares Soar on Cost Outlook

By Alice Uribe SYDNEY--Magellan Financial Group's share rose early Friday after the company reported that its annual profit sunk, but its operating costs...

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Yellen Earned Millions in Speaking Fees After Leaving Fed, Disclosures Show

Dec. 31, 2020 6:48 pm ET
WASHINGTON—Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, collected more than $7 million in speaking fees during more than 50 in-person and virtual engagements over the past two years, according to financial disclosures released Thursday.
A separate ethics agreement outlined Ms. Yellen’s plans to resign as a consultant to the Magellan Financial Group Ltd. , an investment-fund manager based in Australia, upon her confirmation. Ms. Yellen began consulting for the firm one year after leaving her post as Federal Reserve chairwoman in early 2018.
The agreement said Ms. Yellen would seek special authorization for one year when dealing with matters pertaining to Magellan, according to forms posted online by the U.S. Office of Government Ethics.

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