Why it matters: Macquarie made $567 million from selling down its stake in Nuix
The regulator has disclosed it considered potential conflicts of interest
It identified improvements in processes but was did not take further action
The Australian Securities and Investments Commission was investigating Macquarie’s handling of the Nuix IPO when the then treasurer, Josh Frydenberg, appointed its former chief executive Nicholas Moore to lead an independent review into the “effectiveness and capability” of the regulator.
ASIC’s investigation into how Macquarie Capital handled conflicts of interest in the December 2020 IPO had been under way for four months when Mr Moore was appointed chairman of the Financial Regulator Assessment Authority in September 2021.
Loading...
Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
