Following its latest quarter results announcement on Friday, the company confirmed that co-head of Macquarie Capital Daniel Wong, who is also on the Macquarie executive committee, has stepped down effective immediately to pursue new opportunities after spending 22 years with the group.
Current co-head of Macquarie Capital, Michael Silverton, will take on the role of group head.
Chief risk officer and head of the risk management group Patrick Upfold will also finish up with the company on 31 December and intends to retire mid-next year. He will spend the remaining time with Macquarie completing an extensive handover to his successor, Andrew Cassidy, who will take over the position from 1 January next year.
Meanwhile, after 17 years with Macquarie, group general counsel and head of the legal and governance group Michael Herring, will retire on 6 May next year.
Current Australian managing partner for King & Wood Mallesons, Australia’s mergers and acquisitions and banking and finance practice teams, Evie Bruce, will join Macquarie in January and work alongside Mr Herring for an extended handover period.
The changes come as Macquarie prepares for its Green Investment Group (GIG) to operate as part of Macquarie Asset Management from 1 April 2022.
“The need for investment has grown substantially in GIG’s areas of focus, and this move will enable long-term investment across the asset lifecycle, from development to operations,” Macquarie said in a statement.
“GIG will retain its brand within MAM private markets and continue its mission to accelerate the green transition, providing greater scale of decarbonisation solutions for clients, portfolio companies, communities and the environment."
Neil Griffiths
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
