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Meet The Directors

Extensive industry experience

Our highly regarded and well-qualified directors ensure that MFG is run in the interests of share holders, clients and staff.

David Gonski AC

David Gonski AC

Independent Non-Executive Group Chairman

David Gonski was appointed as a Non-Executive Director on 1 July 2026.

David Gonski is Group Chairman of Magellan Financial Group (MFG). David joined the Magellan Board in July 2026 and previously served as the Independent Non-Executive Chairman of Barrenjoey Capital Partners. David is also Chairman of the University of New South Wales Foundation Limited, Emeritus Chancellor and Emeritus Professor of the University of New South Wales. He is Chairman of the Sydney Airport Corporation board, Levande Living, a Member of the Board of the Lowy Institute for International Policy, a Non-Executive Member of LeapFrog Investment’s Global Leadership Council, a Patron of The Australian Indigenous Education Foundation and Raise Foundation and a Founding Panel Member of Adara Partners

David was previously Chairman of the Australia and New Zealand Banking Group Ltd, Chair of the Review to Achieve Educational Excellence in Australian Schools for the Commonwealth Government of Australia. He was also a Member of the Takeovers Panel, the ASIC External Advisory Panel and Director of Singapore Airlines Limited, the Westfield Group and Singapore Telecommunications Limited, Chairman of Coca-Cola Amatil Ltd, The Australian Securities Exchange Ltd, the Sydney Theatre Company, the Guardians of the Future Fund, the Australia Council for the Arts, the Board of Trustees of Sydney Grammar School and Investec Bank (Australia) Ltd.

Committees

Member of MFG Remuneration and People Committee
Chairman of MFG Nominations Committee

Andrew Formica

Andrew Formica

Deputy Non-Executive Group Chairman

Andrew Formica is Deputy Chairman of Magellan Financial Group (MFG). Andrew joined Magellan in July 2023 as a Non-Executive Director and served as Executive Chairman of MFG from 25 October 2023 to 28 February 2025, and as Non-Executive Chairman prior to the merger with Barrenjoey on 1 July 2026.

Andrew Formica has 30 years’ experience in leading and growing investment businesses within the funds management industry globally, 14 years of which were as CEO. Most recently, Andrew was Chief Executive Officer (CEO) and Director of Jupiter Asset Management plc, where he served from March 2019 to September 2022. Prior to this, Andrew was Co-CEO of Janus Henderson Group plc, and prior was the Chief Executive and a Board member of Henderson Group plc (“Henderson”) from 2008 before the merger with Janus Capital in 2017. Andrew was at Henderson and its prior business from 1993 and held various senior roles, including Joint Managing Director of Henderson’s Listed Assets business (from September 2006) and Head of Equities (from September 2004). In the early part of his career, Andrew was an equities portfolio manager and analyst for AMPAM and Henderson.

Andrew is a Fellow of the Institute of Actuaries both in the UK and Australia. Andrew is a Non-Executive Director of HUB24 Limited, appointed July 2026. Andrew was also previously Deputy Chairman of the Board of the Investment Association and formerly a Board member of Hammerson Group plc. Andrew earned a master’s degree in economics from Macquarie University in 1992 and an MBA from London Business School in 2001.

Committees

Member of MFG Audit and Risk Committee
Member of MFG Remuneration and People Committee
Member of MFG Nominations Committee

Paul Compton

Paul Compton

Non-Executive Director | Chairman of Investment Banking, Barclays

Paul Compton is Chairman of Investment Banking, based in New York.

Previously, Paul served as the Global Head of Corporate & Investment Bank (comprising of Investment Banking, Markets and Corporate Banking), and President of Barclays Bank PLC (BBPLC), leading the provision of funding, financing, strategic advice and risk management for financial institutions, money managers, governments, supranationals and corporate clients.

Prior to his appointment as Global Head of Corporate and Investment Bank & President of Barclays Bank PLC, he was the Barclays Group Chief Operating Officer, and Chief Executive Officer of Barclays Execution Services, delivering operations and technology services to Barclays businesses globally.

Before joining Barclays in 2016, Paul served for nearly two decades in a variety of senior roles at JPMorgan Chase, including Group Chief Administrative Officer, and Chief Financial Officer and Chief Administrative Officer of the Investment Bank.

Prior to JPMorgan, Paul spent over 10 years at Ernst & Young in the Brisbane, Australia and New York offices.

Paul holds a Bachelor of Commerce and a Bachelor of Economics from the University of Queensland, Australia. He received post-graduate degrees from the Institute of Chartered Accountants in Australia and the Securities Institute of Australia.

His current Board Director responsibilities include: Barrenjoey Capital Partners, n-Lorem Foundation, Unqork Inc., The University of Queensland in America and the International Advisory Board of British American Business.

 

Committees

Member of MFG Nominations Committee

John Eales, AM

John Eales, AM

Independent Non-Executive Director

John Eales AM was appointed as a Non-Executive Director on 1 July 2017.

John graduated from the University of Queensland in 1991 and enjoyed a 10 year international sporting career with the Australian rugby team from 1991, captaining the Wallabies from 1996 until 2001.

John has served as an executive, adviser, director and investor in a number of listed and unlisted private organisations. John co-founded the Mettle Group in 2003 – a corporate consultancy which was acquired by Chandler Macleod in 2007.

John is currently Chairman of Trajan Group (since March 2021) and also serves on the Boards of Flight Centre Travel Group (since September 2012), and FUJIFILM Data Management Solutions Pty. He continues to serve as a consultant to some Australian and international companies. John has authored books, is the Chair of the World Rugby Hall of Fame and was on the Rugby Australia Bid Advisory Committee for the Rugby World Cup 2027.

He was made a Member of the Order of Australia in 1999 for services to the community and rugby and is a Patron of the Melanoma Foundation, Hearts in Union and the Champagnat Trust. John holds a Bachelor of Arts from the University of Queensland and is a graduate of the Australian Institute of Company Directors.

Committees

Member of the MFG Audit and Risk Committee
Chairman of the MFG Remuneration and People Committee
Member of MFG Nominations Committee

Peeyush Gupta, AM

Peeyush Gupta, AM

Independent Non-Executive Director

Peeyush Gupta AM was appointed as a Non-Executive Director on 1 November 2025.

With over forty years’ experience in the finance sector, Mr Gupta has a track record of starting and growing businesses, managing businesses through digital transformation and industry disruption, as well as supporting them through acquisitions and growth focussed agendas.

Peeyush is currently Chair of Liberty Financial Group Limited (appointed October 2024 and Non-Executive Director from July 2024) and a Non-Executive Director of Dexus (appointed April 2024), Great Southern Bank, Chartered Accountants Australia and New Zealand, Quintessence Labs, NSW Cancer Council Investment Committee, The George Institute and Northern Territory Aboriginal Investment Corporation.

Peeyush was the co-founder and inaugural CEO of IPAC Securities, a firm providing financial advice and institutional portfolio management with operations in Australia, New Zealand, Singapore, Hong Kong and South Africa. He was also a Non-Executive Director of National Australia Bank (November 2014 – December 2023) and Link Administration Holdings Limited (November 2016 – November 2023). He has served as a Director and Chair on boards across a variety of sectors including financial services, insurance, government, media, accounting and technology, and as the Chair of a large superannuation fund.

Peeyush is an alumnus of Harvard, London and UNSW business schools. In 2019 he was awarded the Order of Australia (AM) for services to business and the community.

Committees

Member of the MFG Audit and Risk Committee
Member of the MFG Remuneration and People Committee
Member of the MFG Nominations Committee

Fiona Hick

Fiona Hick

Non-Executive Director

Fiona Hick was appointed as a Non-Executive Director on 1 July 2026.

Ms Hicks has over 30 years of experience in the mining and energy sectors, having held senior executive roles at Rio Tinto, Woodside Energy, and Fortescue. She has served as Chair of Western Australia’s Chamber of Minerals and Energy Advisory Board and is currently a Non-Executive Director of Evolution Mining, Dyno Nobel and Origin Energy. 

 

Committees

Member of MFG Nominations Committee

Deborah Page, AM

Deborah Page, AM

Independent Non-Executive Director

Deborah Page AM was appointed as a Non-Executive Director on 3 October 2023.

Mrs Page is an experienced chair and company director with broad industry experience spanning various ASX listed, private, public sector and regulated entities including in the funds management, property, utilities, insurance, technology and renewables sectors.  Mrs Page is currently a Non-Executive Director of NEXTDC Limited (appointed November 2025), Growthpoint Properties Australia Limited (appointed March 2021) and The Star Entertainment Group Limited (appointed March 2023).

She was previously Chairman of Pendal Group Limited (January 2022 – January 2023 and Non-Executive Director from April 2014 – January 2023) and Investa Listed Funds Management Limited (the responsible entity of ASX Listed Investa Office Fund). She was also formerly Non-Executive Director of Brickworks Limited (July 2014 – September 2025), Service Stream Limited (September 2010 – April 2023), GBST Holdings Limited, Australian Renewable Fuels Limited, Investa Property Group, The Colonial Mutual Life Assurance Society Limited and Commonwealth Insurance Limited. 

Mrs Page is a Chartered Accountant with dual audit partner and CFO experience during her executive career, and she brings extensive governance, Board and Audit Committee Chair experience as well as corporate finance, accounting, audit, mergers and acquisitions, capital markets, insurance and joint venture arrangements.

She has been a professional director since 2001 and holds a degree in Economics from the University of Sydney and is a Fellow of Chartered Accountants Australia and New Zealand and the Australian Institute of Company Directors. She is also a Member of the Takeovers Panel and Chief Executive Women. In 2006, she received an Order of Australia for services to public health, business and the accounting profession. 

Committees

Chair of the MFG Audit and Risk Committee
Member of the MFG Remuneration and People Committee
Member of the MFG Nominations Committee

 

Cathy Kovacs

Cathy Kovacs

Independent Non-Executive Director

Cathy Kovacs was appointed as a Non-Executive Director on 6 November 2023.

Cathy Kovacs is an experienced company director and financial services professional, currently serving on the boards of ASX listed, private and not for profit companies. Ms Kovacs is a Non-Executive Director of wealth tech HUB24 (appointed July 2021), international payments provider OFX (appointed February 2021), Universities Admission Centre (UAC) for ACT and NSW, and lendtech Grapple Holdings Limited.

Ms Kovacs has 30 years’ broad experience across the financial services sector including senior leadership roles at BT Investment Bank, Macquarie Group, Ellerston Capital and Westpac Banking Group. In her last executive role she was responsible for driving Westpac’s strategic initiatives towards the future of financial services and managing a portfolio of investments in early stage innovative and disruptive fintech businesses.

She holds a Bachelor of Commerce from UNSW, a Masters of Applied Finance from Macquarie University, is a Graduate and Member of the Australian Institute of Company Directors, and is a Member of the Association of Superannuation Funds Australia.

Committees

Member of the MFG Audit and Risk Committee
Member of the MFG Remuneration and People Committee
Member of MFG Nominations Committee

Dr Philip Lowe

Dr Philip Lowe

Independent Non-Executive Director

Dr Philip Lowe was appointed as a Non-Executive Director on 1 July 2026. 

Dr Lowe worked at the Reserve Bank of Australia for more than four decades, serving as Governor from 2016 to 2023. Dr Lowe is Chair of Future Generation Australia and was also chair of the Committee on the Global Financial System at the Bank for International Settlements from 2018 to 2023. 

Kelly O'Dwyer

Kelly O'Dwyer

Independent Non-Executive Director

Kelly O’Dwyer was appointed as a Non-Executive Director on 1 July 2026.

Ms O’Dwyer is a Non-Executive Director of ASX listed Home Consortium and Equity Trustees. She previously served as a Member of Federal Cabinet and Cabinet’s Expenditure Review Committee holding a number of senior economic portfolios.