Sydney, 13 February 2007
Bill Moss AM, the Banking and Property Group Head at Macquarie Bank today announced his resignation, effective from March 30, 2007.
“I’m very grateful to the people who have called me with kind words this morning,” Bill said.
“Over 22 years the Bank has provided me with extraordinary support to test ideas and explore possibilities. With the support of the people who work with me, many successful ventures have been launched. I’m very proud of what I have achieved.
Bill Moss established Macquarie's property business in 1984, which became the Banking and Property Group in 1998. The Group now comprises over 1,600 staff and works with its associates and partners to provide a comprehensive range of property, banking, investment lending, mortgage and related financial services worldwide through 28 offices in Australia and 12 other countries around the world.
Mr Moss has oversight of Macquarie's property funds management businesses which manages globally in excess of $A23 billion of property related assets including over 750 commercial, industrial and retail properties. The listed property businesses ranks (as a single entity) in the top 30 largest listed companies on the ASX.
Mr Moss is also a director of ASX-listed Apollo Health Sciences Limited and the Sydney Kings basketball team.
He was awarded the inaugural "Outstanding Property Financier Award" in the Australian Property Achievement Awards 1992 and in 2006 was awarded "Property Person of the Year" by the NSW Urban Taskforce. Mr Moss has also created a very strong anti-fraud ethic within the Banking and Property Group and has taken a public leadership role in raising the awareness of the effect of fraud in the community.
Mr Moss said: “I especially want to thank the terrific team who’ve worked with me in the many divisions of the Banking and Property Group. We’ve achieved some remarkable milestones together.”
Reflecting on his 22 years with the Bank, Mr Moss said: “In the earlier years I’m particularly proud of the way John Symond and I led the way by providing cheap mortgages through increased competition with the bigger banks”
“In the more recent years I have been able to explore some other ideas of great personal importance, that haven’t fitted the typical investment bank model, such as the tourism project at the aboriginal community of Titjikala in central Australia and Lime Taxis in Sydney.”
“But as lots of people will appreciate, 22 years is a long time in one job and there are many ideas that I have yet to test. In the next few weeks I will be thanking many people around the world for the inspiration and support they have given me. Then I will take a holiday.
“After that, well, it’s a clean slate and a new start, which is pretty exciting,” concluded Mr Moss.
Commenting on Bill Moss’ resignation, the CEO of Macquarie Bank, Mr Allan Moss said: “Bill is an extraordinary manager and entrepreneur.
“When Bill joined us in 1984, he started with a team of two and proceeded to build what has become a dynamic global business earning hundreds of millions of dollars every year,
“At the same time, Bill has been a leader in a whole range of community initiatives particularly addressing the needs of indigenous communities, fraud prevention and support for people with disabilities.
“Bill’s great legacy is the outstanding and very professional leadership team which he has built.
“As a result, we are able to announce that Bill’s role as Group Head will be assumed by two proven business leaders:
Stephen Girdis who is currently Head of the Real Estate Divisions will be the Head of the new Real Estate Group.
Tony Gill who is currently Head of the Banking and Securitisation Divisions will be the head of the Banking and Securitisation Group.
The Macquarie Bank Board joins me in wishing Bill every success in the next phase of his career,” Allan Moss said.