On Thursday, July 26, 2018, Nicholas Moore announced his retirement as the MD/CEO of Macquarie Groups during the first-half of the AGM. He further announced that he is passing the baton to Shemara Wikramanayake. Macquarie new CEO Shemara Wikramanayake has been working in Macquarie Groups for 30 years and is the second highest paid person in the business next to Moore himself as of financial report of 2018.
Macquarie new CEO Shemara Wikramanayake has been working as head of asset management since 2008, about same time Moore was appointed as CEO. Shemara Wikramanayake manages $495 billion in assets and has delivered a profit of $1.7 billion which contributes to two-thirds of Macquire Groups’ profit. Moore acknowledges Wikramanayake to be an “outstanding successor.”
Let’s find more about Nicholas Moore as CEO of Macquarie group, also have some insights on Nicholas Moore wiki fact and his net worth updates as of 2018.
Nicholas Moore, MD, and CEO of Macquarie group;
Nicholas Moore started his career at Macquarie Groups as Executive Director of Infrastructure Investment management. When he became the CEO of Macquarie Groups in May 2008, the company wasn’t doing so well.
Rather he was criticized by his fellow colleague for not being able to find the right strategy since Macquire’s earning had dipped from $1.9 billion in 2008 to $762 million in 2012 financial year.
Macquarie CEO Nicholas Moore appointment during GFC (global financing crisis) had been a great challenge. But he had led through the difficult times and achieved a new milestone in Macquire Group with an all-time highest yearly profit of $2.6 billion dollars, 15 percent higher than the last year.
The shares of Macquarie Groups have increased more than 90 percent during Moore’s reign. Moore has also expanded the horizons since being the CEO of Macquarie Groups. The business has been venturing into the energy sector and also in lucrative sectors such as renewable energy.
On Thursday however, Moore announced that he would be retiring effective November 30, 2018.
“I’ve had a very good opportunity. I’ve had a very good turn”, Moore tells to the press review. “It just feels right now for me and for Macquarie.”
Macquarie CEO Nicholas Moore Net worth
As flying high profit of $2.6 billion, the executives of Macquire groups enjoy a big profit. CEO Nicholas Moore credits $18.9 million becoming the highest paid executive of 2018 in Australia.
Macquarie CEO Nicholas Moore profited $18.1 million in 2017. The head of Asset Management, the future CEO of Macquarie Groups, Shemara Wikramanayake bags $16.7 million profit. Part of the surplus capital was returned to shareholders with a 12 percent increase in full-year dividend. Macquire, under the reign of Moore, was able to impress the investors with this result.
With such profits, we can assume Nicholas Moore net worth is quite high. But Nicholas Moore net worth has not been made public. Thus Nicholas Moore net worth remains the matter of speculation. But do not worry as we will soon update you on Nicholas Moore net worth as of 2018 shortly.
Nicholas Moore Wiki-Bio
Macquarie CEO Nicholas Moore was born in the year of 1959 and Nicholas Moore age now is 59. Nicholas Moore has a Bachelor’s Degree in Commerce and an LLB from the University of New South Wales. He was promoted to CEO of Macquarie Groups in 24 May, 2008 and has a decade long run. He is retiring on November 30, 2018.
