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The Guardian - AU
The Guardian - AU
Comment
John Quiggin

Always remember how Macquarie built its millionaires on outrageous tolls and charges

Shemara Wikramanayake under a Macquarie sign
Outgoing Macquarie boss Shemara Wikramanayake is leaving after nearly 40 years at the ‘millionaires’ factory’. Photograph: Hollie Adams/Reuters

The recent retirement of the Macquarie Group CEO, Shemara Wikramanayake, marks the culmination of a highly successful career. She is leaving the company with shares worth hundreds of millions of dollars after nearly 40 years at the Sydney-based institution. Under her leadership, the “millionaires’ factory” has increased its annual revenue by about 80% and nearly doubled its profit.

Wikramanayake has also overseen and consolidated the group’s transition from a firm specialising in privatised infrastructure to a global merchant bank earning profits from commodity trading, specialist asset finance and wealth management.

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