High-profile stockbroker Angus Aitken has surprisingly thrown his support behind home-grown investment bank Barrenjoey, declaring the firm could triple in value over the next five years despite attracting widespread criticism from rival brokers.
On Monday, Magellan Financial’s MFG ticker was retired and replaced by BJY to reflect the $1.6 billion merger announced in March , which brought together Barrenjoey’s trading and corporate advisory operations with Magellan’s decades-old funds management business.
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