India, July 23 -- Macquarie Group (MQG.AX, MQBKY) reported that its net profit contribution for the first quarter of fiscal year 2026 declined compared to the same period in fiscal year 2025. Improved performance in Banking and Financial Services (BFS) and Macquarie Capital (MacCap) was more than offset by lower contributions from Macquarie Asset Management (MAM) and Commodities and Global Markets (CGM).
The company also announced that Alex Harvey has decided to step down as Chief Financial Officer and from its Executive Committee, effective 31 December 2025. Alex plans to retire mid-2026, after completing an extended handover to his successor, Frank Kwok.
Frank has also been with Macquarie for 28 years, most recently as Deputy CFO since ...