Company
Macquarie Group Limited (MGL) is the ultimate parent of Macquarie and is governed by the MGL Board. The MGL Board is comprised of non-executive independent directors (Independent Directors) and the MGL Managing Director and Chief Executive Officer.
The Chair of the MGL Board is Mr Glenn Stevens, an Independent Director.
Glenn Stevens worked at the highest levels of the Reserve Bank of Australia (RBA) for 20 years and, as well as developing Australia’s successful inflation targeting framework for monetary policy, played a significant role in central banking internationally. Most recently, he was Governor of the Reserve Bank of Australia between 2006 and 2016.
Mr Stevens has also made key contributions to a number of Australian and international boards and committees, including as chair of the Australian Council of Financial Regulators between 2006 and 2016, as a member of the Financial Stability Board and on a range of G20 committees.
Mr Stevens serves on the Board of NSW Treasury Corporation. He is a Director of the Anika Foundation and the Lowy Institute, Deputy Chair of the Temora Aviation Museum and a volunteer pilot for Angel Flight.
Shemara Wikramanayake has been Macquarie Group’s Managing Director and CEO since late 2018.
Shemara joined Macquarie in 1987 in Macquarie Capital in Sydney. In her time at Macquarie, Shemara has worked in six countries and across several business lines, establishing and leading Macquarie’s corporate advisory offices in New Zealand, Hong Kong and Malaysia, and the infrastructure funds management business in the US and Canada. Shemara has also served as Chair of the Macquarie Group Foundation.
As Head of Macquarie Asset Management for 10 years before her appointment as CEO, Shemara led a team of 1,600 staff in 24 markets. Macquarie Asset Management grew to become a world-leading manager of infrastructure and real assets and a top 50 global public securities manager.
Before joining Macquarie, Shemara worked as a corporate lawyer at Blake Dawson Waldron in Sydney. She holds Bachelor of Commerce and Bachelor of Laws degrees from UNSW and completed the Advanced Management Program at Harvard Business School in 1996.
Shemara sits on the World Bank’s Global Commission on Adaptation and Private Sector Investment Lab and was a founding CEO of the United Nations Climate Finance Leadership Initiative (CFLI). She currently leads emerging markets workstreams for CFLI and the Glasgow Financial Alliance for Net Zero (GFANZ), is a member of the Monetary Authority of Singapore’s International Advisory Panel and Global Investors for Sustainable Development (GISD) Alliance, and was a member of the Australian Universities Accord Panel of Eminent Australians which conducted the Australian Universities Accord Review.
Jillian Broadbent has extensive investment banking industry knowledge and markets expertise, including a deep knowledge of risk management and regulation in these areas. She also has considerable executive management and listed company board experience. Ms Broadbent spent 22 years at Bankers Trust Australia until 1998, initially as an economic strategist and then as executive director responsible for risk management and derivatives in foreign exchange, interest rates and commodities.
Ms Broadbent was also a Member of the Reserve Bank of Australia Board between 1998 and 2013 and has previously served as Chair of the Board of Clean Energy Finance Corporation (CEFC), and as a director of ASX Limited, SBS, Coca Cola Amatil Limited, Woodside Petroleum Limited, Qantas Airways Limited, Westfield Management Limited, Woolworths Group Limited and the National Portrait Gallery of Australia.
Ms Broadbent is a director of the Sydney Dance Company, the National Portrait Gallery Board Foundation, the Seaborn Broughton & Walford Foundation and the Lowy Institute.
Phil Coffey served as the Deputy CEO of Westpac Banking Corporation, from April 2014 until his retirement in May 2017. As the Deputy CEO, Mr Coffey had the responsibility for overseeing and supporting relationships with key stakeholders of Westpac including industry groups, regulators, customers and government. He was also responsible for the Group’s Mergers & Acquisitions function. Prior to this role, Mr Coffey held a number of executive positions at Westpac including Chief Financial Officer and Group Executive, Westpac Institutional Bank.
He has successfully led operations based in Australia, New Zealand, the United States, the United Kingdom and Asia and has extensive experience in financial markets, funds management, balance sheet management and risk management. He began his career at the Reserve Bank of Australia and has also held executive positions at AIDC Limited and Citigroup. Mr Coffey previously served as a director of Clean Energy Finance Corporation.
Mr Coffey is a Non-Executive Director of Lendlease Corporation Limited and Goodstart Early Learning Ltd.
Michelle Hinchliffe has more than 35 years’ professional experience within the financial services sector in the United Kingdom and Australia, with extensive experience in leading large global teams in the provision of external audit, internal audit and advisory services to clients across financial services.
Michelle was the Global Lead Audit Partner for a number of global banking institutions as well as the Head of Audit, KPMG UK from September 2017 to April 2019 and then Chair of Audit, KPMG UK from May 2019 to September 2021. During the period from May 2019 to February 2022 she was a board member of KPMG UK. Prior to this she was the Head of Financial Services for KPMG Australia, where she was also a member of the board.
Ms Hinchliffe is a Non-Executive Director of BHP Group Limited, Santander UK plc and Santander UK Group Holdings plc.
Susan Lloyd-Hurwitz has significant expertise in the global investment and real estate sectors. She served as the CEO of Mirvac for more than a decade and prior to that was the Managing Director of Europe for LaSalle Investment Management.
Susan was the National President for the Property Council of Australia, a director of the Business Council of Australia, and Chair of the Green Building Council of Australia.
Ms Lloyd-Hurwitz is a director of Rio Tinto and Spacecube. She is Chair of the Australian National Housing Supply & Affordability Council and the Australian Centre For Gender Equality and Inclusion @ Work Advisory Board, President of Chief Executive Women, and a Global Board member at INSEAD.
Rebecca McGrath is an experienced professional company director and Chair, with substantial international business experience. She spent 25 years at BP plc where she held various executive positions, including Chief Financial Officer Australasia and served as a member of BP’s Executive Management Board for Australia and New Zealand.
Ms McGrath has served as a director of Goodman Group, CSR Limited, Big Sky Credit Union and Incitec Pivot Ltd, and as Chair of Oz Minerals Limited, Scania Australia Pty Limited and Kilfinan Australia. She is a former member of the JP Morgan Advisory Council. She has attended executive management programmes at Harvard Business School, Cambridge University and MIT in Boston.
Ms McGrath is Chair of Investa Wholesale Funds Management Limited and Investa Office Management Holdings Pty Limited, and a Non-Executive Director of Djerriwarrh Investments Limited.
She is a member of the national Board of the Australian Institute of Company Directors, a member of the ASIC Corporate Governance Consultative Panel and a member of the Australian British Chamber of Commerce Advisory Council. She is also a Non-Executive Director of Melbourne Business School.
BSc (UQ), GAICD, FIA (London), FIAA
Independent Voting Director of MGL and MBL since January 2021
Member of the MGL and MBL Board Audit Committees
Member of the MGL Board Nominating Committee
Member of the MGL and MBL Board Remuneration Committees
Member of the MGL and MBL Board Risk Committees
Mike Roche has over 40 years’ experience in the finance sector as a highly skilled and experienced provider of strategic, financial, mergers and acquisitions, and capital advice to major corporate, private equity and government clients. He held senior positions with AXA Australia as a qualified actuary and Capel Court/ANZ Capel Court.
Mr Roche spent more than 20 years at Deutsche Bank and was Head of Mergers and Acquisitions (Australia and New Zealand) for 10 years where he advised on major takeovers, acquisitions, privatisations, and divestments. He stepped down as Deutsche Bank’s Chair of Mergers and Acquisitions (Australia and New Zealand) in 2016. He was a member of the Takeovers Panel for two terms from 2008 to 2014.
Mr Roche is a Non-Executive Director of Wesfarmers Limited, MaxCap Group Pty Ltd and Te Pahau Management Limited, and Managing Director of M R Advisory Pty Ltd.
He is co-founder, and a director of, the Sally Foundation.
Our Australian bank subsidiary, Macquarie Bank Limited (MBL), is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL) and is governed by the MBL Board. The MBL Board is comprised of Independent Directors, the MGL CEO and the MBL Managing Director and Chief Executive Officer.
The Chair of the MBL Board is Mr Glenn Stevens, an Independent Director.
Glenn Stevens worked at the highest levels of the Reserve Bank of Australia (RBA) for 20 years and, as well as developing Australia’s successful inflation targeting framework for monetary policy, played a significant role in central banking internationally. Most recently, he was Governor of the Reserve Bank of Australia between 2006 and 2016.
Mr Stevens has also made key contributions to a number of Australian and international boards and committees, including as chair of the Australian Council of Financial Regulators between 2006 and 2016, as a member of the Financial Stability Board and on a range of G20 committees.
Mr Stevens serves on the Board of NSW Treasury Corporation. He is a Director of the Anika Foundation and the Lowy Institute, Deputy Chair of the Temora Aviation Museum and a volunteer pilot for Angel Flight.
Shemara Wikramanayake has been Macquarie Group’s Managing Director and CEO since late 2018.
Shemara joined Macquarie in 1987 in Macquarie Capital in Sydney. In her time at Macquarie, Shemara has worked in six countries and across several business lines, establishing and leading Macquarie’s corporate advisory offices in New Zealand, Hong Kong and Malaysia, and the infrastructure funds management business in the US and Canada. Shemara has also served as Chair of the Macquarie Group Foundation.
As Head of Macquarie Asset Management for 10 years before her appointment as CEO, Shemara led a team of 1,600 staff in 24 markets. Macquarie Asset Management grew to become a world-leading manager of infrastructure and real assets and a top 50 global public securities manager.
Before joining Macquarie, Shemara worked as a corporate lawyer at Blake Dawson Waldron in Sydney. She holds Bachelor of Commerce and Bachelor of Laws degrees from UNSW and completed the Advanced Management Program at Harvard Business School in 1996.
Shemara sits on the World Bank’s Global Commission on Adaptation and Private Sector Investment Lab and was a founding CEO of the United Nations Climate Finance Leadership Initiative (CFLI). She currently leads emerging markets workstreams for CFLI and the Glasgow Financial Alliance for Net Zero (GFANZ), is a member of the Monetary Authority of Singapore’s International Advisory Panel and Global Investors for Sustainable Development (GISD) Alliance, and was a member of the Australian Universities Accord Panel of Eminent Australians which conducted the Australian Universities Accord Review.
Stuart has been Managing Director and CEO of Macquarie Bank Ltd since July 2021.
Stuart joined Macquarie Group in 2001 and worked in the Corporate and Asset Finance group, responsible for originating asset financing transactions for Macquarie. In 2002, he assumed responsibility for investor relations for Macquarie’s listed airport fund, Macquarie Airports, before moving to become Global Head of Investor Relations for Macquarie’s portfolio of listed funds. In 2008 he was appointed Macquarie Group’s Head of Corporate Communications and Investor Relations, responsible for managing Macquarie Group’s relationships with investors and analysts, government and media.
Stuart was appointed Group Treasurer in August 2013, a role he held until July 2021, when he became Managing Director and CEO of Macquarie Bank Ltd.
Prior to joining Macquarie Group, Stuart worked in the UK as a Chartered Accountant in public practice for BDO Binder, where he obtained his professional qualifications, and later in a number of corporate roles as head of finance and corporate strategy.
From 2010 to 2020, Stuart served on the Board of the Juvenile Diabetes Research Foundation (JDRF) where he was Treasurer and Chair of the Finance and Audit Committee.
Stuart is a Director of the Financial Markets Foundation for Children and a member of the Australian Banking Association Council and the Macquarie Group Foundation Committee.
Mr Byres has significant experience in domestic and international bank regulation, risk management, governance and public policy as a former Chair of the Australian Prudential Regulation Authority (APRA) and Secretary General of the Basel Committee on Banking Supervision. He was also a member of the Australian Council of Financial Regulators and served as APRA's representative on the Reserve Bank of Australia’s Payments System Board.
Mr Byres is a Director of ASX Limited and an advisor to the International Monetary Fund on banking and financial matters.
Ian Saines is an experienced leader in commercial and investment banking and asset management, having held senior roles at Commonwealth Bank of Australia, Challenger, Zurich Financial Services and Bankers Trust Australia. He began his career at the Reserve Bank of Australia and has a strong background in financial markets and highly regulated environments combined with audit, risk and investment committee experience.
Mr Saines was formerly a director of Father Chris Riley's Youth off the Streets, a not for profit organisation providing support to chronically homeless and abused youth in our society and a director of the Australian Financial Markets Association (AFMA) from 2008 until 2013.
Mr Saines is a Non-Executive Director of Air Lease Corporation and NSW Treasury Corporation and is Deputy Chair of the United States Studies Centre.
He is a member of the Salvation Army Australia’s Sydney Corporate and Philanthropic Council and a member of the Advisory Council of Catholic Schools of Broken Bay.
Mr Whiteing has over 30 years of experience leading business and technology strategies across multiple sectors through periods of significant change. He has worked globally, including four years as Global Chief Operating Officer for Standard Chartered based in Singapore, various senior consulting roles in London and five years as a Group Executive at the Commonwealth Bank of Australia. Mr Whiteing was previously the Managing Director of Data and Cyber Transformation at Singtel Optus Pty Limited.
David is a Non-Executive Director of Silicon Quantum Computing Pty Ltd.
Jillian Broadbent has extensive investment banking industry knowledge and markets expertise, including a deep knowledge of risk management and regulation in these areas. She also has considerable executive management and listed company board experience. Ms Broadbent spent 22 years at Bankers Trust Australia until 1998, initially as an economic strategist and then as executive director responsible for risk management and derivatives in foreign exchange, interest rates and commodities.
Ms Broadbent was also a Member of the Reserve Bank of Australia Board between 1998 and 2013 and has previously served as Chair of the Board of Clean Energy Finance Corporation (CEFC), and as a director of ASX Limited, SBS, Coca Cola Amatil Limited, Woodside Petroleum Limited, Qantas Airways Limited, Westfield Management Limited, Woolworths Group Limited and the National Portrait Gallery of Australia.
Ms Broadbent is a director of the Sydney Dance Company, the National Portrait Gallery Board Foundation, the Seaborn Broughton & Walford Foundation and the Lowy Institute.
Phil Coffey served as the Deputy CEO of Westpac Banking Corporation, from April 2014 until his retirement in May 2017. As the Deputy CEO, Mr Coffey had the responsibility for overseeing and supporting relationships with key stakeholders of Westpac including industry groups, regulators, customers and government. He was also responsible for the Group’s Mergers & Acquisitions function. Prior to this role, Mr Coffey held a number of executive positions at Westpac including Chief Financial Officer and Group Executive, Westpac Institutional Bank.
He has successfully led operations based in Australia, New Zealand, the United States, the United Kingdom and Asia and has extensive experience in financial markets, funds management, balance sheet management and risk management. He began his career at the Reserve Bank of Australia and has also held executive positions at AIDC Limited and Citigroup. Mr Coffey previously served as a director of Clean Energy Finance Corporation.
Mr Coffey is a Non-Executive Director of Lendlease Corporation Limited and Goodstart Early Learning Ltd.
Michelle Hinchliffe has more than 35 years’ professional experience within the financial services sector in the United Kingdom and Australia, with extensive experience in leading large global teams in the provision of external audit, internal audit and advisory services to clients across financial services.
Michelle was the Global Lead Audit Partner for a number of global banking institutions as well as the Head of Audit, KPMG UK from September 2017 to April 2019 and then Chair of Audit, KPMG UK from May 2019 to September 2021. During the period from May 2019 to February 2022 she was a board member of KPMG UK. Prior to this she was the Head of Financial Services for KPMG Australia, where she was also a member of the board.
Ms Hinchliffe is a Non-Executive Director of BHP Group Limited, Santander UK plc and Santander UK Group Holdings plc.
Susan Lloyd-Hurwitz has significant expertise in the global investment and real estate sectors. She served as the CEO of Mirvac for more than a decade and prior to that was the Managing Director of Europe for LaSalle Investment Management.
Susan was the National President for the Property Council of Australia, a director of the Business Council of Australia, and Chair of the Green Building Council of Australia.
Ms Lloyd-Hurwitz is a director of Rio Tinto and Spacecube. She is Chair of the Australian National Housing Supply & Affordability Council and the Australian Centre For Gender Equality and Inclusion @ Work Advisory Board, President of Chief Executive Women, and a Global Board member at INSEAD.
Rebecca McGrath is an experienced professional company director and Chair, with substantial international business experience. She spent 25 years at BP plc where she held various executive positions, including Chief Financial Officer Australasia and served as a member of BP’s Executive Management Board for Australia and New Zealand.
Ms McGrath has served as a director of Goodman Group, CSR Limited, Big Sky Credit Union and Incitec Pivot Ltd, and as Chair of Oz Minerals Limited, Scania Australia Pty Limited and Kilfinan Australia. She is a former member of the JP Morgan Advisory Council. She has attended executive management programmes at Harvard Business School, Cambridge University and MIT in Boston.
Ms McGrath is Chair of Investa Wholesale Funds Management Limited and Investa Office Management Holdings Pty Limited, and a Non-Executive Director of Djerriwarrh Investments Limited.
She is a member of the national Board of the Australian Institute of Company Directors, a member of the ASIC Corporate Governance Consultative Panel and a member of the Australian British Chamber of Commerce Advisory Council. She is also a Non-Executive Director of Melbourne Business School.
BSc (UQ), GAICD, FIA (London), FIAA
Independent Voting Director of MGL and MBL since January 2021
Member of the MGL and MBL Board Audit Committees
Member of the MGL Board Nominating Committee
Member of the MGL and MBL Board Remuneration Committees
Member of the MGL and MBL Board Risk Committees
Mike Roche has over 40 years’ experience in the finance sector as a highly skilled and experienced provider of strategic, financial, mergers and acquisitions, and capital advice to major corporate, private equity and government clients. He held senior positions with AXA Australia as a qualified actuary and Capel Court/ANZ Capel Court.
Mr Roche spent more than 20 years at Deutsche Bank and was Head of Mergers and Acquisitions (Australia and New Zealand) for 10 years where he advised on major takeovers, acquisitions, privatisations, and divestments. He stepped down as Deutsche Bank’s Chair of Mergers and Acquisitions (Australia and New Zealand) in 2016. He was a member of the Takeovers Panel for two terms from 2008 to 2014.
Mr Roche is a Non-Executive Director of Wesfarmers Limited, MaxCap Group Pty Ltd and Te Pahau Management Limited, and Managing Director of M R Advisory Pty Ltd.
He is co-founder, and a director of, the Sally Foundation.
