Jul 1, 2026 – 1.26pmBarrenjoey chief executive Brian Benari will be paid $1.5 million a year as chief executive after the investment bank’s merger with asset manager Magellan Financial.The merger, announced in March, values the combined financial services group at $1.6 billion. On Wednesday, Magellan issued 106.8 million ordinary shares to Barrenjoey investors as part of the merger.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Barrenjoey CEO to take home $1.5m pay as Magellan merger completes
Chief executive Brian Benari will be paid $1.5 million a year following the $1.6 billion merger of the homegrown investment bank and the listed asset manager.
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