Half year ended 30 September 2018
02 Nov 2018
Macquarie Group CEO Nicholas Moore and CEO designate Shemara Wikramanayake discuss the result for the half year ended 30 September 2018.
Operating group highlights
Board and management changes
Jillian Broadbent AO
Effective 5 November 2018, Jillian Broadbent AO will join the Boards of Macquarie Group Limited and Macquarie Bank Limited as an independent director.
Ms Broadbent was a Member of the Reserve Bank of Australia Board between 1998 and 2013 after 22 years at Bankers Trust Australia as an economic strategist and then as executive director responsible for risk management of foreign exchange, interest rates and commodities.
Ms Broadbent is the Chair of Swiss Re Life and Health Australia, Chancellor of the University of Wollongong and a Non-Executive Director of Woolworths Limited, the National Portrait Gallery of Australia and the Sydney Dance Company.
Effective 28 August 2018, Philip Coffey was appointed to the Boards of Macquarie Group Limited and Macquarie Bank Limited as an independent director.
Mr Coffey has extensive international experience in financial services and financial markets and most recently served as Deputy CEO of Westpac Banking Corporation between 2014 and 2017.
Mr Coffey is a Non-Executive Director of Lendlease Corporation Limited, a member of the Clean Energy Finance Corporation Board and Chairman of the Westpac Bicentennial Foundation.
Nicholas Moore and Shemara Wikramanayake
Effective 28 August 2018, Shemara Wikramanayake was appointed to the Boards of Macquarie Group Limited and Macquarie Bank Limited as an Executive Voting Director.
Effective 1 December 2018, Ms Wikramanayake replaced Nicholas Moore as Managing Director and CEO of Macquarie Group after 10 years as CEO and 32 years of service.
Accordingly, effective 30 November 2018, Mr Moore stepped down from the Boards of Macquarie Group Limited and Macquarie Bank Limited.
Martin Stanley, currently Global Head of MIRA, and newly appointed Group Head, MAM, and to the Executive Committee.
Mr Stanley joined Macquarie in 2004 and has over 30 years of experience in asset management, infrastructure and utilities.
MAM will comprise MIRA and MIM. Mr Stanley, based in London, will also continue to lead MIRA globally.
Ben Brazil will step down as Group Head, CAF Principal Finance, and from the Executive Committee. He will become Chairman, CAF Principal Finance, and continue in that role until mid-2019.
Florian Herold, currently Co-Head of CAF Principal Finance in EMEA, will be appointed Group Head, CAF Principal Finance. Mr Herold will move to Sydney and join the Executive Committee.
Mr Herold joined Macquarie in 2009 and has over 15 years of investment experience.
In the community
To mark its 50th anniversary in 2019, Macquarie has launched a new $A50 million global philanthropic award.
The Macquarie 50th Anniversary Award will provide $A10 million each over five years to approximately five projects that demonstrate a lasting community benefit.
Lisa George, Head of the Macquarie Group Foundation, says non-profit organisations are encouraged to be bold and imaginative in their thinking about the enduring outcomes they can achieve with this funding.
“We’ve asked non-profits to think big and we’re excited to see the interest this award is generating around the world,” she says.
“We believe we’ll see genuine change and measurable social impact in the years ahead.
“This is a potentially game-changing opportunity for non-profits looking to initiate an idea, scale-up an existing program or build the capacity of their organisation.
Macquarie has supported the communities in which it operates since its inception in 1969, with the Macquarie Group Foudation established in 1985 to formalise this commitment.
Macquarie staff have devoted thousands of hours to work with non-profit organisations around the world and, along with the Macquarie Group Foundation, contributed more than $A330 million to drive social change at the local community level.
Applications for the Macquarie 50th Anniversary Award will close at 5pm on Friday 16 November 2018.
We’re excited to see the interest this award is generating around the world.”
Head of the Macquarie Group Foundation
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 2018.