Macquarie CEO Says Australia Economy Resilient Despite Tariffs
Macquarie Group Ltd. Chief Executive Officer Shemara Wikramanayake said Australia's economy is looking resilient and is set up well to withstand the shocks emanating from US trade policy.
'The economy is coming into this really quite resilient,' she said at the Macquarie Australia Conference in Sydney on Tuesday. 'Capital is coming into this market.'
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Lynas CEO says company is eyeing rare earths buys in Malaysia, Brazil
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Forbes
26-05-2025
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Beyond The Ivy League: Is Your MBA Investment A Risky Bet?
NEW YORK, NEW YORK - SEPTEMBER 24: Shemara Wikramanayake, CEO, Macquarie Alum of Harvard Business ... More School, speaks at the Bloomberg Global Business Forum on September 24, 2024 in New York City. (Photo byfor Bloomberg Philanthropies) An MBA from Harvard Business School. The name alone conjures images of unparalleled prestige, a guaranteed golden ticket to a future of leadership, influence and success. But what if that golden ticket just got revoked? Imagine this: You've poured your life savings, sacrificed years, and battled through gruelling admissions to secure a coveted spot at Harvard Business School. Now, you're an international student, and suddenly, the very foundation of your dream – your ability to legally reside and study in the U.S. – is under fire. This isn't a hypothetical scenario; it's the harsh reality unfolding at the 389-year-old institution. 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Yahoo
12-05-2025
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Macquarie Group reports 5% profit growth in FY 2025
Macquarie Group has reported a net profit after tax of A$3.71bn ($2.37bn) for the financial year (FY25) ending 31 March 2025, marking a 5% increase compared to the previous year. The profit for the second half of the financial year was A$2.1bn ($1.34bn), reflecting a 30% rise from the first half of the year. The group's net operating income reached A$17.2bn ($11.02bn) in FY25, up 2% from the prior year, while operating expenses remained stable at A$12.14bn ($7.78bn). Notably, international income constituted 66% of the total income for the group. Assets under management stood at A$941bn, up from A$938.3bn a year earlier. The company attributed this growth to 'increased fund investments and net asset valuations', which outweighed the impact of 'asset divestments and outflows in equity strategies'. The Macquarie Asset Management division reported a net profit contribution of A$1.61bn, a 33% increase from A$1.2bn a year ago. The banking and financial services division contributed a net profit of A$1.38bn, an 11% increase from A$1.2bn in the previous year, supported by growth in the loan portfolio and deposits. Macquarie Capital's net profit contribution was A$1.04bn, remaining stable compared to A$1.05bn in the previous year. Macquarie Group managing director and CEO Shemara Wikramanayake said: 'Against a backdrop of ongoing market and economic uncertainty, Macquarie's client franchises remained resilient over the past year, delivering new business origination and underlying income growth, contributing to our history of unbroken profitability.' As of 31 March 2025, Macquarie employed 19,735 individuals, a 5% decrease from the previous year, while approximately 243,000 people were employed across managed fund assets and investments. Last month, Macquarie Asset Management (MAM), a division of Macquarie Group, reached an agreement to sell its North American and European public investments business to Japan's Nomura for approximately A$2.8bn ($1.8bn) in an all-cash transaction. "Macquarie Group reports 5% profit growth in FY 2025" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
