Macquarie has launched a sweeping executive reshuffle that will see the CEO of Macquarie Bank depart the business.
Mary Reemst will retire from her role as managing director and CEO of Macquarie Bank, as well as from the board and Macquarie Group and Bank executive committees. She has sat on the executive committees for seven years.
Stuart Green will become managing director and CEO of the bank. He has been with Macquarie for 20 years, and served as group treasurer since August 2013.
Martin Stanley will also step down as group head of Macquarie Asset Management and from the executive committee. He will instead become the chairman of MAM and remain on the regional infrastructure fund investment committees and as chairman of the board of directors of the Macquarie Infrastructure Corporation. Ben Way, who has been with Macquarie for 14 years, will take on the role of group head of MAM.
Gordon Cairns will also step down from the boards of Macquarie Group and Macquarie Bank after six years, effective 7 May 2021.