This is just an excerpt. The full interview with HAMISH DOUGLASS is available exclusively for Rampart subscribers - go to rampart.news to watch now.

The co-founder of Magellan Financial Group Hamish Douglass is Joe Aston's guest on this month's Rampart Talks interview series. In his first major interview since disappearing abruptly from public life in February 2022, Douglass speaks candidly about the extraordinary events that brought him to his knees. 

We explore the huge changes in his personal life and identity; the disturbing rumours about him that survive to this day; the mental breakdown that left him a shadow of his former self; and his message of hope, having made a full recovery.

Joe and Hamish discuss all things Magellan, including packing out ballrooms of financial advisers; his much-analysed relationship with co-founder Chris Mackay; the company's near-fatal key man risk exposure; and the seeding of the new investment bank Barrenjoey which he claims as his idea.

They also discuss Magellan's controversial loan-funded employee share scheme and his decision to sell down his own shares in the company. 

Rampart Talks is brought to you by ⁠⁠BHP⁠, Generation Life and ⁠Ray White Commercial⁠.

About Joe Aston:

Joe Aston is one of Australia's most influential commentators on business, finance and politics.

For 12 years, he struck fear into the hearts of the nation's political and corporate leaders, transforming The Australian Financial Review's Rear Window into the nation's premier daily column.

In 2024, he became a best-selling author with the publication of his first book, The Chairman's Lounge: The Inside Story of How Qantas Sold Us Out.

And in 2025, he launched ⁠Rampart⁠, a premium subscription news publication specialising in Australian business and finance. 

Follow Joe Aston on ⁠LinkedIn⁠ and ⁠X⁠.

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Rampart Talks

Producer: Eliza Harvey

Production/Editing: Mentored Studios

Technical and commercial support: Squiz Media