This is the biggest test for Macquarie since the GFC
It is critical the board does not underplay the huge cultural turnaround that the bank must confront, which could prove tougher than the post-GFC rebound.
Macquarie Group is rightly lauded as a bona fide business success story and an example of an Australian company that successfully expanded beyond its domestic base.
Yet for all the positive things to say about the “millionaires factory” and its undoubted success in creating wealth for employees and shareholders, Macquarie now faces its biggest test since the 2008 global financial crisis.
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