Macquarie Group (ASX:MQG) today reported a 17 per cent rise in net profit after tax of $2.99 billion for the full year ended 31 March 2019.
This was above guidance of 15 per cent in the year ended March 31, over financial year 2018.
Head of Macquarie’s global investment bank Tim Bishop will step down from the role at the month’s end to become chairman of the division.
Daniel Wong and Michael Silverton will replace him in a joint role.
They will pay a final dividend of $3.60, up from $3.20 a share last year.
Macquarie Group (ASX:MQG) shares closed 0.65 per cent higher at $136.20