Macquarie Group Limited (ASX: MQG) - Appoints new CEO after Mr. Moore.

  • Jul 26, 2018 AEST
  • Team Kalkine
Macquarie Group Limited (ASX: MQG) - Appoints new CEO after Mr. Moore.

Effective 30 Nov 18, Mr. Moore will retire and step down from the Boards of Macquarie Group Limited (MGL) and Macquarie Bank Limited (MBL) and the Board confirmed Nicholas Moore’s decision to retire as Managing Director and CEO of Macquarie Group. In his place they have unanimously decided to appoint Shemara Wikramanayake, currently Head of MAM and express confidence that Ms. Wikramanayake has the track record and understanding of Macquarie’s businesses and culture to successfully take Macquarie forward.

The leadership style is of the Macquarie model where power is pushed downwards from the top and executives are relied on to run their own businesses using their own relationships and their own expertise and do their own deals. The job is to ensure that this entrepreneurial culture is tempered with strong guidance and accountability for Moore and his senior leaders.

The group’s businesses have grown with profit up 15 per cent in last financial year at the back of business mix and ongoing ability to adapt to changing market conditions and client needs. Macquarie Group Limited (ASX: MQG) traded at a market price of $121.39 and has seen a decline of -$3.54 and a percentage change or decline of -2.8% as at July 26, 2018.

[pluginops_form template_id='23834' ]  

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK