Magellan Financial Group Says Investigation Underway Over Alleged Workplace Relationship

MT Newswires Live

2025/11/20

Magellan Financial Group (ASX:MFG) has acknowledged a recent Australian Financial Review report regarding an alleged relationship between its Head of Global Equities, Arvid Streimann, and a junior employee, confirming that the matter is under active internal investigation, according to a Thursday filing with the Australian bourse.

The company said that Streimann resigned effective Wednesday, Nov. 19, and emphasized its ongoing commitment to upholding workplace standards in line with its values, per the filing.

The company's shares fell 2% in recent Thursday trade.

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