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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Macquarie downgrades profit forecast as rainmaker departs

The bank concedes it will be tough to match last year’s record A$5.2b profit.

Profits in the market’s facing businesses are expected to be substantially lower.

A Macquarie Group banker who earned more than the company’s chief executive last year has unexpectedly left the company, contributing to a sharp fall in Macquarie shares on a day the wider ASX moved higher.

Nicholas O’Kane, who earned A$58m in 2023 as head of the commodities and global markets

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Lachlan Colquhoun Tue, 13 Feb 2024
Contact the Writer: lachlan@nbr.co.nz
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Macquarie downgrades profit forecast as rainmaker departs
Investment,
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