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Macquarie Group

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business2 hours ago•4 min saved

Macquarie taps Greg Ward to succeed Wikramanayake as CEO

Macquarie Group named Greg Ward, its banking and financial services chief and former CFO, as the new CEO to succeed retiring Shemara Wikramanayake in November, signaling an internal, smooth transition as the firm expands overseas and grows its banking, commodities and renewables businesses; the board is also reviewing its audit process with KPMG amid governance scrutiny, and shares moved modestly on the news.

via Financial Times|

#australian-banking #business #ceo-succession

energy3 months ago•18 min saved

Oil Could Hit $200 If Middle East War Persists, Macquarie Warns

Macquarie Group analysts warn oil could reach as high as $200 per barrel if the war in the Middle East drags on and the Strait of Hormuz remains blocked, with a 40% chance of a prolonged conflict into June and a 60% chance it ends by March; sustained disruption could push Brent to roughly $150–$200, with even higher costs for diesel and jet fuel, despite a large IEA emergency oil release.

via Crude Oil Prices Today | OilPrice.com|

#energy #macquarie-group #middle-east-war