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Macquarie boosts board

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Macquarie has almost achieved gender parity on its board with the addition of two new independent directors.

Rebecca McGrath and Mike Roche will join the board of Macquarie Group as independent directors. The appointments mean the board will now have 11 members, five of them female directors.

“We are delighted to welcome Rebecca and Mike, two experienced and highly skilled directors. The Macquarie boards will benefit greatly from their industry knowledge in the energy and corporate finance sectors, as well as their diverse perspectives as we continue to evolve the balance of our director group,” said Macquarie Bank chairman Peter Warne.

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Ms McGrath has “broad experience” in the energy and industrial sectors and has held several executive positions during her 25-year career at BP, including Australia CFO. She is currently chairman of OZ Minerals and is a non-executive director of Investa Property Group, chairman of Scania Australia, and president of the Victorian Council of the Australian Institute of Company Directors. 

Mr Roche has “extensive experience” in the financial services sector reflecting more than 30 years in corporate financial advice. He is currently a non-executive director of Wesfarmers, MaxCap Group, and Six Park Asset Management. Between 1993 and 2016 he held a range of positions at Deutsche Bank, including 10 years as head of mergers and acquisitions, playing a “key role in many of Australia’s largest and most complex takeovers and in the privatisation of energy and airport infrastructure”.  

 

Macquarie boosts board
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