Changes at Macquarie Asset Management

Macquarie Asset Management (MAM) group head, Martin Stanley is to step down effective 1 April and become chairman of the group.

Releasing an update to the Australian Securities Exchange (ASX) today, Macquarie said that Stanley will become chairman of MAM and remain on the regional infrastructure and investment committees.

The company said Ben Way, who currently leads the Global Alternatives division of MAM and is also Macquarie Group’s Asia chief executive, will become group head of MAM and join the executive committee.

It said Way will continue to be based in Hong Kong.