Fundz

George Quits as Magellan CEO in Blow for Fund Manager

PRIVATEOct 25, 2023

Company

Linktree

MelbourneOtherInformation TechnologySoftwareMobileInternet Services

Description

Magellan Financial Group is back on the hunt for a new CEO after announcing the departure of David George who was just 15 months into the role, in another blow for the embattle funds manager. The company announced that George has stepped down from the top job effective today, although he will remain available until the end of the year to advise the company while a replacement is found. George, who came to Magellan with 20 years’ experience at the Future Fund including his previous role as deputy chief investment officer, took the reins on 19 July last year and set out a five-year plan to restore confidence in the company with a view to driving funds under management back to $100 billion. Magellan, which announced George’s exit from the company to the ASX this morning, has not offered a reason for his sudden departure. George was appointed CEO following the departure of Brett Cairns six months earlier at the end of 2021. Cairns, who joined Magellan in 2007 shortly after it was founded by Hamish Douglass and Chris Mackay, led the company for two years as CEO and three years prior to that as executive chairman.

Quick answer

George Quits as Magellan CEO in Blow for Fund Manager (October 25, 2023). Linktree is based in Melbourne, Florida, United States.

What did Linktree announce on October 25, 2023?
Magellan Financial Group is back on the hunt for a new CEO after announcing the departure of David George who was just 15 months into the role, in another blow for the embattle funds manager. The company announced that George has stepped down from the top job effective today, although he will remain available until the end of the year to advise the company while a replacement is found.
What does Linktree do?
Linktree enables creators, brands, artists, publishers, agencies, and businesses of all sizes to curate a place where they can share, sell and grow.
Where is Linktree based?
Linktree is based in Melbourne, Florida, United States.
Which similar companies made leadership changes around the same time?
RideNow Group, Inc. (October 21, 2023), Self Financial (October 19, 2023), Bryj (October 31, 2023) and Holmusk (November 9, 2023) also announced leadership changes within 45 days of Linktree.

Source: Fundz verified event record.

Other recent leadership changes in Mobile and Internet Services

Executive moves at companies in the same sectors within 45 days, from Fundz verified event records.

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Company Information

Company

Linktree

Location

1400 W 46TH ST

Melbourne, Florida, United States

About

Linktree enables creators, brands, artists, publishers, agencies, and businesses of all sizes to curate a place where they can share, sell and grow. Among the top 300 most popular website destinations globally, Linktrees see over 1.2 billion unique visitors a month. In 2021 alone, we enabled over one million artists to generate 90 million streams across platforms – twice as many artists and three times as many streams than in the year prior. In 2022, we launched a developer marketplace and a mobile app to continue compounding the success for creators everywhere. That’s why more than 30 million people and global brands link everything they are on Linktree, including TikTok, Selena Gomez, Red Bull, Shawn Mendes, the LA Clippers, The Rock and HBO.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.