Overview

• Macquarie Group reported a $3.7 billion full-year profit, driven by a 33% rise in asset management profits and an 11% increase in banking profits.
• CEO Shemara Wikramanayake's pay was reduced by 5%, bringing her total remuneration to $24 million, as the board factored in regulatory concerns.
• The Australian Securities and Investments Commission (ASIC) imposed additional licence conditions on Macquarie due to compliance failures in futures and derivatives trading.
• Total profit share for senior executives increased by 3% to $82.3 million, reflecting the bank's overall strong financial performance.
• Macquarie's share price rose by 4.5% following the announcement, signaling investor confidence despite ongoing regulatory scrutiny.