Macquarie CEO Says Tech Push in Bank Brings Profits, Staff Drop
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Macquarie Group Ltd. Chief Executive Officer Shemara Wikramanayake expects a years-long push to invest in technology within its banking and financial services division to reap further gains. It’s also resulted in lower staff levels.
That unit was among the winners when the Sydney-based investment bank and asset management firm earlier reported full-year profit that topped analyst expectations. Across the firm, headcount has come down 7% since its peak in late 2023 to a little under 20,000 people, according to Macquarie’s annual report released Friday.