Macquarie Group announces new Chair

Macquarie Group (MGL) and Macquarie Bank (MBL) have announced that director Peter Warne will succeed Kevin McCann AM as chair of both companies, effective 31 March 2016.

Warne was appointed an independent director of MGL in August 2007 and of MBL in July 2007. His financial services and investment banking experience includes a number of roles at Bankers Trust Australia Limited, including as head of its Financial Markets Group from 1988 to 1999.

He was previously a director of the Sydney Futures Exchange (SFE) and served as deputy chair of the SFE from 1995 to 1999. He became a director of the Australian Securities Exchange (ASX Limited) when the SFE merged with ASX Limited in July 2006.

Warne is the current chair of ALE Property Group and OzForex Group Limited, a director of NSW Treasury Corporation, a member of the Advisory Board of the Australian Office of Financial Management and a patron of Macquarie University Foundation.