Australia's Magellan Financial falls as executive exits amid internal probe

Magellan Financial

20/11/2025 24:50

** Shares of Magellan Financial Group MFG.AX fall as much as 6.5% to A$8.670, hitting its lowest level since July 1

** Stock logs its biggest intraday pct loss since April 7

** The asset manager says its head of global equities has resigned following media report of alleged relationship with junior employee

** Co says internal investigation is ongoing

** Stock down over 16% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))