Macquarie Group announces new CEO

Macquarie Group chairman, Peter Warne, has announced Nicholas Moore’s decision to retire as managing director and CEO of Macquarie Group and the board’s decision to appoint Shemara Wikramanayake, currently group head of Macquarie Asset Management, in his place.

Moore will retire and step down from the boards of Macquarie Group Limited and Macquarie Bank Limited, effective 30 November 2018.

Wikramanayake joined Macquarie in 1987 and worked with Moore in corporate services and then in establishing Macquarie Capital, which at that time included advisory; infrastructure funds; corporate leasing and lending; and cash equities. She was appointed head of Macquarie Asset Management in 2008, when Moore became Group CEO. In her time at Macquarie, Wikramanayake has worked in nine cities in six countries and across several business lines. This has included 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. Wikramanayake also serves as chair of the Macquarie Group Foundation.

Shemara Wikramanayake and Nicholas Moore
Shemara Wikramanayake and Nicholas Moore

Michael Dwyer AM announced as chairman of the Australia for UNHCR board

Michael Dwyer AMMichael Dwyer AM, chief executive officer of First State Super, has been appointed as the new chairman of Australia for UNHCR, the UN Refugee Agency’s national partner for Australia.

Australia for UNHCR is responsible for engaging corporates, communities and individuals to support UNHCR’s global relief operations to protect people fleeing conflict. Last year it raised $38.7m to deliver humanitarian aid in 53 countries.

Dwyer is a committed advocate for refugees and has been a board director for Australia for UNHCR since its launch in 2000. During this time he has visited UNHCR operations in countries such as East Timor, Turkey and Lebanon to see the impact of Australian donations and meet with refugees to learn firsthand about their needs. He has also been instrumental in galvanising support for refugees within the financial services sector, for example spearheading corporate support for Australia for UNHCR’s annual World Refugee Day Breakfast, which has now raised more than $1.5m.

First State Super announces investment committee appointment

Michael ColeFirst State Super has announced Michael Cole as the first non-trustee to be appointed to the investment committee of First State Super Trustee Corporation (FTC). The committee oversees $90bn in retirement savings on behalf of the Fund’s 800,000 members and clients.

First State Super chairman Neil Cochrane, said: “Michael’s reputation, his record of service and his ongoing commitment to regional communities and education make him an ideal addition to our investment committee. We are looking forward to working with Michael and drawing on his considerable knowledge and experience to guide our investment governance process.”

Michael Cole will maintain his current appointments as chair of Ironbark Capital and chair of Platinum Asset Management Ltd. Michael has previously served as chair of SAS Trustee Corporation (2000-2007), chair of Challenger (2008-1014) a director with the NSW Treasury Corporation (2002-2009). Michael’s appointment to the First State Super Investment Committee will be for an initial term of two years.

AMP announces appointment of new CEO

The AMP board has announced the appointment of Francesco De Ferrari as chief executive officer of AMP Limited, effective 1 December 2018.

De Ferrari will join AMP after 17 years with Credit Suisse where he was CEO South East Asia and frontier markets and head of private banking Asia Pacific.

He succeeds Mike Wilkins, acting CEO, who will return to his position as a non-executive director on the AMP board after a transition period.

AMP chairman David Murray said: “The Board conducted an extensive global search to identify the best leader to drive change at AMP. Francesco is a proven change agent who will bring the strategic acumen and expertise to spearhead the transformation needed in our business.”

“I am excited by the opportunity and am looking forward to working with Board and the team at AMP to restore the company to a position of strength and drive its future growth,” said De Ferrari.

Sunsuper announces new board appointment

Georgina WilliamsSunsuper has announced the appointment of Georgina Williams to the position of director of the board.

Based in Melbourne, Williams has more than 25 years’ financial services industry experience in both banking and superannuation. Her roles have included chief executive officer, Food and Wine Victoria; group executive engagement, advocacy and brand at Australian Super; and head of brand and marketing at the Bank of Melbourne. She has also held a number of executive positions at NAB in both Australia and the United Kingdom, which included roles in the commercial banking, wealth, strategy and marketing departments. She currently serves as a non-executive director on the boards of Reece Ltd and Lifestyle Communities Ltd.

Williams replaces former director Theresa Moltoni as one of the three CCIQ appointments on the Sunsuper board. Sunsuper’s board comprises equal numbers of employer and employee representatives, as well as three independent directors.