Draft:Ian Macoun
Australian businessman
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Ian Macoun is an Australian businessman. He is best-known as the founder and chief executive of Pinnacle Investment Management Group, a multi-affiliate investment management company publicly listed on the Australian Securities Exchange.
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Macoun is considered a pioneer of the boutique funds management industry in Australia.[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 a 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].
Establishment of 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 has 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 ASX-listed Wilson HTM Investment Group (Wilson HTM). Pinnacle was privately owned by Wilson HTM 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 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 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 remains headquartered in Sydney, Australia, with fund distribution and infrastructure employees, and affiliated investment teams located across five countries.
Personal Life
Macoun was born in Rockhampton, Queensland. His father worked for the state railways and his mother worked in the retail sector[12].
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.
Macoun is married to Wendy Macoun, with whom he has three adult children.
Philanthropy
Macoun and his family support several Australian medical research and educational scholarship programs[13]. He is involved in substantial philanthropic initiatives, predominantly through the Macoun Charitable Foundation[14] and the PNI Foundation (formerly the Pinnacle Charitable Foundation).
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