Clarke retires as Macquarie executive chair
David Clarke has announced his retirement as executive chair of Macquarie Bank.
He will relinquish his current responsibilities effective March 31, but will continue in the capacity as non-executive chairman of the bank.
The move means Clarke will no longer be a part of the bank’s executive committee and will not be chair of the Macquarie CountryWide, Macquarie Prologis and Macquarie Office listed property trusts.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
