Macquarie Names New Wealth Investment Chief
Macquarie Group has promoted a senior fixed income executive to chief investment officer for its wealth management business.
Updated on Nov. 11, 2026 in People
Macquarie Group has appointed a senior investment executive as chief investment officer for its wealth management business, elevating him from head of fixed income. The move follows the departure of the former chief investment officer, a former investment chief, for New Zealand's Fisher Funds Management.
Why it matters
The appointment places a leader in charge of investment strategy and governance for more than 30 investment professionals at a time of leadership change across the group. It comes alongside a $100 million governance overlay imposed by APRA, which adds to an existing $500 million capital overlay.
APRA has imposed a $100 million governance overlay on Macquarie for breaching Non-Operating Holding Company authority dating back to 2019, on top of a $500 million capital overlay applied in 2021. The new chief investment officer will lead teams of more than 30 investment professionals, though the source does not say how the overlay will affect them.
The players
Macquarie Group
Macquarie Group is a diversified global financial services firm headquartered in Sydney, with operations spanning asset management, banking and commodities.
Shemara Wikramanayake
Shemara Wikramanayake is a long-serving Australian business leader who led Macquarie Group as chief executive.
APRA
The Australian Prudential Regulation Authority is the federal agency responsible for supervising banks, insurers and superannuation funds in Australia.
The details
The promotion moves a fixed income head into a group-wide role after he joined Macquarie in 2023 following more than 14 years at AMP Capital. He previously worked at AMP Henderson Global Investors, GIO Asset Management and Westpac Institutional Banking Corporation. The change coincides with the departure of chief executive Shemara Wikramanayake after nearly 40 years with the organisation.
Timeline
2019: The NOHC authority breach referenced by APRA dates back to this year.
2021: APRA applied a $500 million capital overlay to Macquarie.
2023: The new chief investment officer joined Macquarie from AMP Capital.
Last week: Macquarie farewelled chief executive Shemara Wikramanayake.
Market Landscape
The new $100 million governance overlay is in addition to the $500 million capital overlay APRA applied to Macquarie in 2021, extending a sequence of prudential measures against the group. The leadership changes come as the firm continues to face this regulatory scrutiny across its operations.
For clients invested in Macquarie's wealth products, the leadership change and new governance overlay may influence how investment strategy is overseen over the coming period. The source does not indicate any change to fees, product availability or client services.
The takeaway
Leadership transitions at major financial institutions often signal shifts in investment direction and oversight, so clients may wish to watch how the new chief investment officer's priorities are communicated. Reviewing the governance and capital context of any financial provider is a sensible step for investors.
Further reading
For more on senior appointments across the sector, see People coverage.
