Macquarie CEO Wikramanayake to retire; profit from CGM unit rises

Macquarie has appointed Greg Ward, previously the banking head, to succeed Wikramanayake as CEO of the Australian investing giant. This leadership transition follows the announcement that Wikramanayake will retire from the position. Alongside this executive change, the company reported that profits from its CGM unit have risen. The appointment ensures a strategic succession plan for the firm as it continues its operations within the global financial and investing sectors under new leadership.