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Macquarie names banking head to succeed Shemara Wikramanayake as CEO

Macquarie Group has announced the appointment of Greg Ward as its next CEO, succeeding Shemara Wikramanayake.

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The brief

Macquarie Group has selected Greg Ward, currently the head of banking, to take over as CEO. This transition marks the end of the tenure of Shemara Wikramanayake, who was the bank's first female CEO.

Coverage from Reuters, Bloomberg, and the Financial Times highlights that investors support the selection of an internal candidate to maintain the current corporate strategy. Reports from the Sydney Morning Herald focus on the financial details of Wikramanayake's departure, noting the value of her shareholdings.

Future reports will focus on the transition period between the current leadership and Ward. Details regarding the exact effective date of the succession and any subsequent leadership changes within the banking division remain to be specified by the firm.

Synthesized by PULSE from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 2h ago.

Quick answers

Who is the new CEO of Macquarie?

Greg Ward, the current head of banking, has been named as the successor.

Who is stepping down from the CEO position?

Shemara Wikramanayake, the bank's first female CEO, is retiring.

How have investors reacted to the appointment?

According to Reuters, investors have backed the decision, citing a desire to keep existing bank strategies on course.

Coverage (5)

Topics

Macquarie Greg Ward Shemara Wikramanayake Business Banking

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