Business
Macquarie Group chief executive Shemara Wikramanayake makes her big crisis deal – The Australian Financial Review
Shemara Wikramanayake’s first big deal gives Macquarie a better position in the consolidation jostle sweeping global asset management.
In the six months to September 30, about 47 per cent of Macquarie’s total net profit was generated by the Macquarie Asset Management division, with 70 per cent of group earnings coming from the annuity side of the business.
The deal builds directly on the US push that Moore started. Waddell & Reeds $US68 billion in assets under management held under its Ivy Investments brand will swell total AUM in the Macquarie Asset Management business to more than $US465 billion.
Macquarie goes from being ranked…
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