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Jemima Whyte

Yesterday

Shemara Wikramanayake at the Macquarie annual meeting on Thursday.

Macquarie investors deliver wake-up call with strike on executive pay

Investors deliver an embarrassing rebuke to the Millionaires Factory over bonuses amid regulatory woes and the surprise exit of its CFO.

This Month

An Optiver employee on the trading floor.

Inside the high-frequency trading floor where grads are paid $250,000

This week, Optiver opens its new headquarters in Sydney. From Super Smash Bros to lamb shoulder for lunch, it is pulling out all the stops to attract staff.

June

Virgin chief executive Dave Emerson rings the bell at the ASX on Tuesday.

Inside Virgin’s big day, in the shadow of war and trepidatious markets

Would the long-awaited listing take off? Without a hitch, it seems. And there were plenty there to see it, with more bells and whistles than most IPOs.

Virgin CEO Dave Emerson rings the bell on Tuesday.

IPO market cracks open as Virgin, Greatland shares soar on debut

Fund managers rushed into the airline’s stock in a major win for Bain Capital, which has worked on turning around the business for five years.

Treasurer Jim Chalmers and Santos chairman Keith Spence.

Will the third time be a charm for ADNOC’s $36b plans for Santos?

With advisers at ten paces, Project Emerald has been a complicated one to pull off. This is how the proposed takeover came together over months of discussions.

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5 stockbroking Hall of Famers share their top investment opportunities

From AI to their favourite lunch spots, five past winners of the Australian Stockbrokers’ Foundation Hall of Fame awards offer some interesting insights.

Cannacord’s Peter Hollick received the Australian Stockbrokers Foundation’s Hall of Fame award this week.

Canaccord’s Peter Hollick enters stockbroking hall of fame

Peter Hollick, 80, now at Canaccord, has been awarded the Australian Stockbrokers Foundation’s Hall of Fame Award, for his contribution to the broking industry.

Adara founder Audette Exel.

Why this firm’s deal makers work for free

Ten years ago, Audette Exel persuaded some of the country’s top operators to donate their fees to charity. After raising $30 million, she is ready to expand.

Bank of America’s head in Australia, Joe Fayyad.

This investment banker learnt the dangers of moving too fast

Bank of America country head Joe Fayyad almost came a cropper when he took on his new role at full speed. Now he’s an advocate for teamwork and gratitude.

Clinton Wong and Mike Hendrie

UBS Australia farewells Clinton Wong after two-decade stint

The UBS veteran has clocked up more than 20 years at the bank across a wide range of senior roles.

ASIC Chair Joe Longo at AmCham luncheon on Thursday 12 June.

ASIC to investigate super funds over complaint handling ‘blind spot’

The regulator’s chairman, Joe Longo, said there would “be trouble” for retirement funds if they didn’t use member feedback to detect systemic issues.

ASIC chair Joe Longo is tidying up the time line for IPOs to help rejuvenate listed markets.

GemLife could be first to trial ASIC’s fast-track IPO process

Investment banks and law firms say the corporate regulator’s push to expedite listings is a good first step towards making public markets more attractive.

David Jones is the oldest department store in the country. But it faces significant industry challenges.

David Jones slides into loss as private equity owner works its debt

Anchorage Capital Partners says it is “working on a new capital structure” to support the business amid challenging conditions for department stores chains.

Fiona Hick has been appointed to the board of investment bank Barrenjoey.

Former Fortescue executive Fiona Hick to join Barrenjoey board

Despite early scepticism, the Barclays-backed investment bank has recut the local market, winning key mandates and building one of the largest research teams.

May

Chemist Warehouse insiders dump shares worth $4.7b in mass exit

One franchisee sold their entire $650 million stake in the pharmacy giant after its backdoor listing, according to analysis of the shareholder register.

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Shareholder activist David Kingston at his home in Vaucluse.

Banker, investor, activist? Inside David Kingston’s long reinvention

The former Rothschild deal maker has become a crusader against bad boards. Depending on who you ask, he’s either shareholders’ best friend or a grandstander.

Kaluza wants to use its acquisition of Beige Technologies to push more into the commercial and industrial energy billing sector.

AGL-backed smart energy platform buys Beige to fuel growth

UK tech platform Kaluza, which manages energy supply and billing, has bought Melbourne-based Beige Technologies to broaden its commercial offering.

Macquarie Group CEO Shemara Wikramanayake says the group will work with regulators.

Trump backlash forces Macquarie to soften its DEI talk

The bank says cultural and racial inclusion are still important, but its latest annual report is much more subdued than last year’s.

Macquarie Group’s Alex Harvey and Shemara Wikramanayake have been meeting investors.

How Macquarie boss responds to the ASIC action will define her legacy

The group’s relationship with the nation’s corporate cop, the Australian Securities and Investments Commission, has been in freefall.

Macquarie Group chairman Glenn Stevens, chief executive Shemara Wikramanayake and CFO Alex Harvey.

Macquarie executive bonus cuts under scrutiny after ASIC action

Experts say the reductions to management payouts are “tokenistic” after the regulator alleged the company had poor risk management and compliance systems.

Original URL: https://www.afr.com/by/jemima-whyte-gkpi1r