Michael Coleman joins Macquarie Group and Bank Boards

Macquarie Group and Macquarie Bank Chairman Kevin McCann today announced the appointments of Mr Michael Coleman to the Macquarie Group Limited (ASX:MQG; ADR:MQBKY) and the Macquarie Bank Limited (ASX: MBL) Boards as an Independent Non-Executive Director. The appointments are effective immediately.

Mr McCann said the Boards would benefit from Mr Coleman’s risk management, financial reporting, regulatory and corporate governance experience, as well as his background working across sectors including financial services, funds management and property in Australia and in Asia.

Mr Coleman spent 30 years as an audit partner at KPMG, was KPMG’s inaugural National Managing Partner Assurance & Advisory from 1998 to 2002 and National Managing Partner for Risk & Regulation from 2002 to 2010. He was KPMG’s Regional Leader for Asia Pacific Quality & Risk Management from 2002 to 2011. He was a key member of the firm’s Australian Executive team engaged in strategic decision making and operations, a member of KPMG’s Asia Pacific Executive Committee as well as the regional representative on KPMG’s Global Quality & Risk Management and Global Regulatory Steering Groups.

Mr Coleman has been a director and chairman of listed and unlisted, government and not for profit entities during his career. He was Chairman of ING Management Limited from July 2011 to June 2012 and his current roles include Deputy Chairman of the Financial Reporting Council, Member of the Not for Profit Sector Reform Council, Member of the Audit Committee of the Reserve Bank of Australia, Chairman of Planet Ark Environmental Foundation, Board Member and Treasurer of Osteoporosis Australia, Member of the Advisory Board of Norton Rose Australia and Chair of the Reporting Committee for the Australian Institute of Company Directors.

Mr McCann said the depth of Mr Coleman’s experience represented an important addition to the Board’s skill base.