Ian Macoun

Ian Macoun
Ian Macoun
Born
Rockhampton, Australia
OccupationBusinessman
Known forEntrepreneurship in financial services, investing, philanthropy
SpouseWendy Macoun

Ian Macoun is as Australian businessman. He is the founder and chief executive of Pinnacle Investment Management Group, a multi-affiliate investment management company publicly listed on the Australian Securities Exchange.[1]

Career

A graduate of the University of Queensland, Macoun worked in Queensland Treasury during the late 1970s and the 1980s. He was First Assistant Under Treasurer, leading the Queensland Government's commercial participation in several major industrial development projects[2]

In 1988, he was appointed the inaugural chief executive of Queensland Investment Corporation. In 1993 he moved to the private sector as managing director (chief executive) of Westpac Investment Management in Sydney,[3] where he led the reconstruction of Westpac's investment business.[4]

In 1998, together with partners, Macoun established Perennial Investment Partners, which at the time was Australia's first multi-affiliate investment management firm.[5] Macoun exited Perennial Partners in 2006 and his equity was purchased by backing shareholder, IOOF.[6]

Pinnacle Investment Management Group

After leaving Perennial Investment Partners, Macoun founded Pinnacle Investment Management Group, which was based on a similar multi-affiliate model to Perennial.[7] He told media he wanted to start again, “to do it bigger and better".[8]

Macoun launched Pinnacle Investment Management Group in 2006, with seed funding from Wilson HTM Investment Group. Pinnacle was privately owned by Wilson HTM Group and Pinnacle executives, including Macoun, who was executive chairman.[9] Pinnacle became an ASX-listed company in 2016 following a restructuring deal with Wilson HTM Group which saw the listed company renamed Pinnacle Investment Management Group and Macoun appointed Chief Executive of the listed company. At the time, Pinnacle had $19.25 billion in funds under management and accounted for all of Wilson HTM Group's profit in the first half of 2016.[10]

As of September 2025, Pinnacle has A$197.4 billion in funds under management, across 19 affiliated investment managers.[11] The Group which is a constituent of the S&P/ASX 200 remains headquartered in Sydney, Australia, with fund distribution and infrastructure employees, and affiliated investment teams located across five countries.[12]

Personal life

Macoun was born in Rockhampton, Queensland. His father worked for the state railways and his mother worked in the retail sector. He attended North Rockhampton State High School, before completing a Bachelor of Commerce and a master's degree in Financial Management at the University of Queensland. He was awarded the Chartered Financial Analyst (CFA) designation in 2002.[13]

He is married to Wendy Macoun, with whom he has three adult children.[14]

Research & Industry Contributions

Macoun was a co-author of Sustainable Queensland, a 2007 research project published by the Committee for Economic Development of Australia recommending strategies for the ongoing financing and management of Queensland's infrastructure construction.[15]

Macoun was featured in Hybrid Workplace Hacks: Strategies to Set Up and Lead Successful In-person and Remote Teams, published by Wiley.[16]

In 2024, Macoun was recognised with The Australian Funds Management Industry Contribution Award at the 2024 Zenith Investment Partners Fund Awards.[17]

Philanthropy

Macoun's family supports Australian medical research and educational scholarship programs,[18] through the Macoun Charitable Foundation[19] and the PNI Foundation (formerly the Pinnacle Charitable Foundation)

References

  1. ^ "Q&A with Pinnacle boss Ian Macoun: Fear and greed drive markets. They are gripped by fear at the moment".
  2. ^ Massey, Murray; O'meara, Michael (28 March 1989). "AHERN MOVES AWAY FROM QUEENSLAND INC IMAGE". Australian Financial Review. Retrieved 8 January 2026.
  3. ^ Hoyle, Simon (24 August 1993). "TOP BANKER FOR ANZFM POST". Australian Financial Review. Retrieved 8 January 2026.
  4. ^ Hoyle, Simon (17 August 1993). "RIVALS LOSE AS WESTPAC POACHES CHIEF". Australian Financial Review. Retrieved 8 January 2026.
  5. ^ "Meet one of Australia's best performing small caps". Livewire Markets. 29 July 2021. Retrieved 8 January 2026.
  6. ^ Swift, Brendan (6 October 2006). "Windfall for Perennial in $67.9m IOOF deal". Australian Financial Review. Retrieved 8 January 2026.
  7. ^ "...as Macoun looks to recreate Perennial model - Investment Magazine". www.investmentmagazine.com.au. 5 September 2006. Retrieved 8 January 2026.
  8. ^ "Meet one of Australia's best performing small caps". Livewire Markets. 29 July 2021. Retrieved 8 January 2026.
  9. ^ "No shortcuts! How Ian Macoun built a $100 billion funds management behemoth". Livewire Markets. 7 August 2024. Retrieved 8 January 2026.
  10. ^ Thompson, Sarah; Macdonald, Anthony; Moullakis, Joyce (17 May 2016). "Wilson Group buys out Pinnacle; Blackpeak Capital advises". Australian Financial Review. Retrieved 8 January 2026.
  11. ^ "Home". Pinnacle. Retrieved 8 January 2026.
  12. ^ Djurdjevic, Maja Garaca (6 September 2021). "Pinnacle returns to ASX 200, announces acquisition". Investor Daily. Retrieved 8 January 2026.
  13. ^ "This public servant founded a $4b company. He never wanted to be an entrepreneur". Australian Financial Review. 1 May 2025. Retrieved 8 January 2026.
  14. ^ GriggContributor, Angus (25 March 2000). "Ian Macoun". Australian Financial Review. Retrieved 8 January 2026. {{cite web}}: |last= has generic name (help)
  15. ^ Gray, Stephen; Ingham, Mark; Walsh, Stephen; Macoun, Ian (July 2007). "Sustainable Queensland" (PDF). Australian Chief Executive. 2 – via Informit.
  16. ^ Stein, Scott (2022). Leadership Hacks: Clever Shortcuts to Boost Your Impact and Results. Australia: John Wiley & Sons. pp. 184–185. ISBN 978-1-119-89289-2.
  17. ^ Watts, Carmen (20 October 2024). "Zenith reveals winners of 2024 Fund Awards". AdviserVoice. Retrieved 9 January 2026.
  18. ^ "CQUniCares Macoun Family Scholarships for North Rockhampton State High School Graduates - Three Year". CQUniversity Australia. 12 January 2026. Retrieved 8 January 2026.
  19. ^ Queensland, The University of. "Macoun Research Scholar Program | Project | UQ Experts". About. Retrieved 8 January 2026.
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