Magellan Financial veteran Dom Giuliano calls it quits
A senior member of Magellan’s new-look investment team and a top shareholder has bowed out of the $1.5 billion listed global equity investment manager.
Domenico Giuliano has left Magellan after more than 16 years. AFR
Domenico Giuliano, head of environmental, social, and corporate governance and portfolio manager of the firm’s $436 billion sustainable strategy has left Magellan after more than 16 years with the asset manager.
He is listed as a major shareholder in Magellan’s latest annual report with around half a million shares– currently valued at $4.7 million – and was among the Magellan staffers that were issued bonus options last year.
Giuliano’s departure comes as Magellan battles leaky funds under management and activist assaults on two fronts from Sandon Capital and Nicholas Bolton’s Keybridge Capital, targeting an ambitious options play surrounding the Magellan Global Fund listed investment trust.
Magellan confirmed portfolio management responsibilities for the sustainable fund had been handed to Alan Pullen, portfolio manager of the manager’s high conviction strategy, but was tight-lipped about why Giuliano quit. Giuliano joined Magellan in 2007 as a financial sector research analyst, working his way up to deputy chief investment officer in 2014 under former chief investment officer Hamish Douglass. He was appointed head of ESG in 2020 with lead oversight for Magellan’s sustainable investment policy formulation but lost the deputy CIO position to Gerald Stack in October.
Prior, he led Morgan Stanley’s insurance coverage for Asia Pacific and was the lead analyst for the IPOs of two of China’s largest insurers – Ping An and PICC.
Giuliano remained at Magellan despite Douglass’ high-profile departure and
Read more on afr.com
