Magellan has confirmed chief investment officer Hamish Douglass separated from his wife months ago, after media speculation that personal problems had created instability within the Sydney fund manager and contributed to the abrupt leadership change.
Magellan’s head of communications Lucy Briggs on Wednesday said Mr Cairns’ resignation had nothing to do with a personal falling out with Mr Douglass and denied Mr Douglass was going through a divorce. “Brett’s departure has no connection to Hamish’s personal life,” she said. “There is no divorce.” “As our family and close friends appreciate, we both remain extremely close and united. We continue to spend considerable time together, and as a family,” the couple said in the statement.
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