Macquarie Group: Appoints former RBA Governor as new chair

Macquarie Group Appoints former RBA Governor as new chair

  • Macquarie Group (MQG) has appointed the former Governor of the Reserve Bank of Australia (RBA), Glenn Stevens, as its new chair
  • Mr Stevens has been on the Macquarie board since 2017 and will now transition to its top position in May 2022, replacing current chairman Peter Warne
  • As RBA Governor between 2006 and 2016, Mr Stevens helped guide Australia through the Global Fincial Crisis in the 2010s.
  • The company also announces today that Diane Grady, who has been a voting director of the company for over a decade, will resign in early 2022
  • Shares in Macquare Group are up 1.48 per cent to $189.49 at 2:03 pm AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions.Highlights: One in seven UK high street shops went cashless...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties.Highlights: Morgan Stanley plans to cut 2,500 jobs across various...

Lloyds to Sell Customer Data to Cut IT Costs and Strengthen Fintech Position

The bank aims to optimize operations and enhance its fintech offerings.Highlights: Lloyds is selling customer data to reduce...

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market.Highlights: Robinhood's new Platinum credit card costs $695...