Aug 24, 2026 – 8.00pmHe is the epitome of a key man, and now he’s leaving. Phil King says his time at the top of the country’s capital markets is coming to an end, with the 57-year-old flagging he will step down as the chief stock picker at the investment house he founded in 2004.“At least it’s not up. That would have been embarrassing,” King says after taking in a sharp fall in Regal Partners shares after the announcement on Monday. And no wonder it’s down. King has built a career on a remarkable track record, and an appetite for risk that has made him vital to brokers across the market. Now the clock is ticking on his departure.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Jonathan ShapiroSenior reporterJonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.Fetching latest articles