Macquarie CEO Alan Moss Retires

Submitted by Share Trading on 6 February, 2008 - 10:28

Macquarie Bank CEO Alan Moss will leave the Bank in May after 15 years in the top executive position. Mr Moss turns 60 this year. It is likely that Alan Moss could receive between $36 million to $38 million this year before retiring. He is also a significant individual shareholder in Macquarie with a stake worth $25 million at today's prices. Mr Moss will be replaced by the head of Macquarie's investment banking division, Nicholas Moore, whose salary and bonuses came in just below that of his soon-to-be predecessor, at $32.89 million.