Retirement of Macquarie Securities Joint Group Head

Macquarie Group Limited (ASX:MQG) today announced the retirement of Macquarie Securities Group (MSG) Joint Group Head Kim Burke, effective from 31 March, 2009.

Roy Laidlaw will become sole Group Head of MSG, effective 1 April, 2009.

Mr Burke joined Macquarie in 1991 and was Group Head of Equity Markets Group (EMG) from October 2005 until the merger in April 2008 of EMG and Macquarie Capital Securities to form MSG.

Mr Burke said that with the merger of MSG now complete and the depth of senior management talent existing within the Group, now was the right time to hand over responsibility to Mr Laidlaw.