Macquarie Group CEO Shemara Wikramanayake to retire
Macquarie Group CEO Shemara Wikramanayake will retire in November after eight years, with Greg Ward set to succeed her. The announcement coincides with the bank reporting a $4.8 billion profit, though the company faces scrutiny over workplace culture and auditing choices.
Why it matters
Leadership transitions at major financial institutions like Macquarie can influence market confidence and corporate governance standards in the banking sector.
- 1.34am . First published at 12.37am
shares Share article Macquarie Group has announced chief executive Shemara Wikramanayake will retire after eight years at the helm.
Wikramanayake, 64, will depart the $97 billion banking giant in November.
Shemara Wikramanayake has been in charge of Macquarie since 2018. Louise Kennerley
She will be replaced by Greg Ward, who is head of the bank’s banking and financial services business.
In a statement to the ASX, Macquarie chairman Glenn Stevens thanked Wikramanayake “for her significant contributions to Macquarie over an almost 40-year career”.
“During which she has delivered sustained growth and momentum, steered Macquarie through expansion into new markets and the dislocation of the COVID pandemic, and significantly enhanced recognition of our brand and the value we bring to global clients and communities,” he said.
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