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2 clusters · 8 sources · 4 days · First seen · Last updated

Phil King retirement from Regal Partners

Overview

Phil King, co-founder and chief investment officer of Regal Partners, has announced his intention to retire from money management. King has been with the firm for two decades, during which time he grew the company to manage more than $21 billion in funds.

King stated that his decision was a planned process initiated during the firm’s 2022 ASX listing and was not motivated by health issues or internal conflicts. He intends to maintain an 8 per cent stake in the company’s head stock and will continue investing through a charitable foundation.

Following the announcement, Regal Partners shares experienced an initial decline of up to 9 per cent before stabilizing at approximately a 7 per cent loss. The firm is transitioning from a sole Chief Investment Officer model to a new structure. CEO Brendan O’Connor noted that while there is “no replacement for Phil King,” the firm is prepared for the transition with its existing team.

Entities

Phil King · Regal · Regal Partners · Commonwealth Bank · Australia

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. about 13 hours ago

    [BUSINESS] 3 sources
    Phil King to retire from Regal, leaving $21 billion fund manager

    Phil King, founder of Regal, will retire from money management in June 2027. His firm manages over $21 billion, and King has been a pivotal figure in the Australian financial markets for two decades.

  2. 4 days ago

    [BUSINESS] 5 sources
    Phil King announces retirement from Regal Partners

    Phil King, co-founder and CIO of Regal Partners, is retiring after 40 years. The announcement led to a temporary decline in Regal Partners' shares on the ASX.

Sources

brisbanetimes.com.au · businessday.com.au · finnewsnetwork.com.au · hedgeweek.com · iefa.org · it-boltwise.de · sharecafe.com.au · theage.com.au