Business
Macquarie CEO warns COVID turmoil to hit asset sales – Sydney Morning Herald
Chief executive Shemara Wikramanayake says the turmoil unleashed by coronavirus will make it tougher for the company to reap the benefits of asset sales.
In this environment, its not going to be a very conducive environment for realising those investments, whether they be on the balance sheet in Macquarie Capital, in the infrastructure and energy group or advisory capital division, or whether they be in the asset manager, Ms Wikramanayake said on a call with journalists.
She said the timing of asset sales had always been lumpy, as it was driven by when the bank could get the best return.
Evans and Partners analyst Matthew Wilson said he expecte…
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