Macquarie announces CEO’s retirement

Nicholas Moore's retirement has been announced by Macquarie chairman Peter Warne ahead of the company's AGM today.

Mr Moore, who has been the chief executive of Macquarie for a decade, will be replaced by group head of Macquarie Asset Management Shemara Wikramanayake.

Macquarie's long-serving chief executive will step down from the boards of Macquarie Group Limited and Macquarie Bank Limited effective 30 November 2018, shortly after delivering the group's results for the first half of 2018-19.

He will complete the usual investor roadshow alongside Ms Wikramanayake, who will then join the boards of Macquarie Group Limited and Macquarie Bank Limited.

Mr Moore said, "I have worked with Shemara for more than 30 years and I am reassured in deciding to retire later this year that I leave Macquarie in a strong position and in safe hands."

Ms Wikramanayake said, "[Nicholas] leaves Macquarie in an outstanding position, having led the business to a record level of earnings, a robust funding and capital position, an excellent leadership team and solid momentum for the future."