Global Market: Macquarie names Greg Ward as next CEO, signalling leadership continuity

Macquarie Group has named Greg Ward, currently head of its Banking and Financial Services division, as its next chief executive, signalling a leadership continuity choice widely expected by investors. Ward, a long-time Macquarie executive and former CFO, is seen by fund managers as an experienced insider likely to preserve the group's current strategy with no major overhaul. Investors expect the Banking and Financial Services division to gain greater focus under Ward given his familiarity with the business.