New Macquarie Group CEO announced
David Clarke
Nicholas Moore, currently the head of Macquarie Capital, is to take over the reins of Macquarie Group when the company’s current chief executive, Allan Moss, resigns later this year.
Moore will succeed Moss as managing director and chief executive on May 24 and has been described by the group’s chair, David Clarke, as the obvious choice.
“Nicholas has led the development of our Macquarie Capital business, which provides more than 50 per cent of the group’s profits,” Clarke said.
“He is globally recognised as a leading financial services leader and is ideally qualified to take Macquarie’s global businesses to the next stage of their development.”
Moss retires after 30 years with the group, 15 of which were spent as chief executive.
The current global joint head of Macquarie Capital Advisers, Michael Carapiet, will replace Moore as head of Macquarie Capital.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
