Macquarie Group (ASX:MQG) CEO and MD Nicholas Moore is stepping down after 10 years at the helm. The current group head of Macquarie Asset Management Shemara Wikramanayake will take his place.
Shemara has been working with Macquarie and the outgoing CEO for 30 years. In her time as head of asset management, she notably established and led Macquarie’s corporate advisory offices in New Zealand, Hong Kong and Malaysia, as well as the bank’s infrastructure funds management business in the US and Canada.
Nicholas Moore leaves both the boards of Macquarie Group and Macquarie Bank on 30 November, shortly after delivering the group’s 1H19 results.
The group’s results are expected to be broadly in line with FY18, subject to regulatory changes, market conditions, and foreign exchange.
Shares in Macquarie Group (ASX:MQG) closed 0.56 per cent lower at $124.93 yesterday.