Clarke retires as Macquarie executive chair
David Clarke has announced his retirement as executive chair of Macquarie Bank.
He will relinquish his current responsibilities effective March 31, but will continue in the capacity as non-executive chairman of the bank.
The move means Clarke will no longer be a part of the bank’s executive committee and will not be chair of the Macquarie CountryWide, Macquarie Prologis and Macquarie Office listed property trusts.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
