Macquarie Names First Female CEO, Boardroom Still Needs Work

Big news for women has come out of the finance industry this week. Macquarie Group, an asset manager that also offers banking and financial advisory services, announced on Thursday that it has hired its first female chief executive officer. 

According to the firm’s announcement, Shemara Wikramanayake, who is currently working as Macquarie’s group head of asset management, will take over the role of chief executive officer as of November 30. 

The firm’s current CEO, Nicholas Moore, will be stepping down. 

“Shemara takes over a business with significant momentum and market-leading positions and does so with the international track record, vision and strong sense of our unique culture to make this a very successful transition,” said Macquarie’s chairman, Peter Warne. 

Wikramanayake joined the firm in 1987, starting in its corporate services group. Sheworked her way up, helping to establish Macquarie Capital. She has headed up the asset management group since 2008. 

Macquarie still has a way to go when it comes to women in leadership. The company’s board, which is made up of nine members, includes two women and no people of color. 

Additionally, its c-suite, which is made up of twelve people, includes only two women, and just one person of color. 

- Alicia McElhaney / She Spends Issue #63