Magellan completes board renewal process with new appointment

Posted by Anton Murray Consulting on 15 Sep, 2023


Magellan Financial Group has added Cathy Kovacs as a non-executive director to its board, the latest in a string of appointments at the fund manager as it seeks to return to growth. The latest appointment comes after Colette Garnsey informed Magellan of her intention to retire from the board at the conclusion of the next annual general meeting on 8 November. Ms Kovacs is an experienced company director and financial services professional who has 30 years of experience across the financial services sector.

She currently serves as a non-executive director of HUB24, OFX, Universities Admission Centre (UAC) for ACT and NSW, and Grapple Holdings. Throughout her career, Ms Kovacs has held senior leadership roles at a number of firms including BT Investment Bank, Macquarie Group, Ellerston Capital, and Westpac. As part of her appointment at Magellan, which is effective from 6 November, she will join the group audit and risk committee and the remuneration and nominations committee.

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