Peter Warne to take chair at Macquarie
(25 September 2015 – Australia) Macquarie Group has announced that Peter Warne will take the company reins following the news that H Kevin McCann AM will retire as Chairman and a Voting Director of both companies effective 31 March 2016.
Warne has extensive knowledge of, and deep experience in, financial services and investment banking through a number of roles at Bankers Trust Australia Limited, including as Head of its Financial Markets Group from 1988 to 1999.
Warne is currently Chairman of ALE Property Group and OzForex Group Limited, a Director of NSW Treasury Corporation, a member of the Advisory Board of the Australian Office of Financial Management and a Patron of Macquarie University Foundation.
McCann said of the appointment: “Peter is an experienced chairman and board director. He has brought many technical skills and industry knowledge to board and committee deliberations.
“He has also served as Chairman of the Macquarie Board Risk Committee and is currently Chairman of Macquarie’s Board Remuneration Committee.”
McCann is one of Australia’s pre-eminent company chairmen. He has wide Board experience with major Australian companies and not-for-profits. He was previously Chairman of Origin Energy Limited, Healthscope Limited and ING Management Limited and a Director of BlueScope Steel Limited. Mr McCann was Partner of leading Australian law firm Allens Arthur Robinson for 34 years and also served as Chairman.
Warne paid tribute to the outgoing chairman, saying: “Kevin is highly regarded by the Australian business community. He has ably chaired the Macquarie Boards through challenging global market conditions.
"Over the past four years as Chairman, Kevin has presided over Macquarie’s continued profit growth, the evolution of its businesses, and the growth of its international income which now constitutes 70 per cent of total income. Returns to shareholders have remained strong and Macquarie is recognised as a successful global Australian company."
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