Finance
Macquarie Banker Who Earned More Than Jamie Dimon Steps Down
- O’Kane was paid A$58 million last year, more than firm’s CEO
- Macquarie warns profit is ‘substantially down’ from last year
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Macquarie Group Ltd.’s powerhouse commodities head Nick O’Kane, who famously earned more than Wall Street chiefs such as JPMorgan Chase & Co.’s Jamie Dimon and Citigroup Inc.’s Jane Fraser, will step down later this month.
The 28-year veteran of the firm will resign as head of commodities and global markets and from the executive committee on Feb. 27, to “pursue opportunities outside Macquarie,” the bank said in a statement Tuesday.