Half year ended 30 September 2017
27 Oct 2017
Macquarie Group CEO Nicholas Moore discusses the result for the half year ended 30 September 2017.
Operating group highlights
Board and management changes
Glenn Stevens, former Governor of the Reserve Bank of Australia, will be appointed to the Macquarie Group Limited and Macquarie Bank Limited Boards as an independent director, effective 1 November 2017.
Mr Stevens worked at the highest levels of the Reserve Bank of Australia for 20 years, including as Governor between 2006 and 2016. He led policy decisions through the global financial crisis, Australia’s mining boom and an extended period of low interest rates, and developed Australia’s successful inflation targeting framework for monetary policy.
After 25 years of service, Stephen Allen has announced his intention to retire from his role as Chief Risk Officer and Head of the Risk Management Group, and will step down from the Executive Committee on 31 December 2017.
Patrick Upfold, Chief Financial Officer and Head of the Financial Management Group, will succeed Mr Allen.
Alex Harvey, Global Head of Principal Transactions in Macquarie Capital, will succeed Mr Upfold and will join the Executive Committee. Both appointments will be effective from 1 January 2018.
Interim Financial Report
The Interim Financial Report contains the Directors’ Report, including a review of operations and the financial result, and the full financial statements for Macquarie Group for the half-year ended 30 September 2017.