The twin forces that led to Macquarie’s $2.8b retreat
The sale of Macquarie’s public investments business in North America and Europe speaks to important shifts in financial markets and Shemara Wikramanayake’s strategy.
The $2.8 billion sale of Macquarie Group’s public equities business in North America and Europe is dripping with symbolism for the millionaires factory and its chief executive, Shemara Wikramanayake.
It’s a transaction that speaks volumes about Macquarie’s size and scale, its strategic direction and the twin forces revolutionising financial markets.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
