Non-major appoints new exec

by AB10 Feb 2014
Macquarie has announced the appointment of a new independent non-executive director on the boards of Macquarie Group and Macquarie Bank.

Chairman Kevin McCann is tipped to step down following the 2014 annual general meeting, and the new appointment spurred talk about succession at board level.

McCann said Ms Wakefield Evans’ extensive Asia-Pacific experience as a corporate finance lawyer, including 20 years as a partner of King & Wood Mallesons (and its predecessor, Mallesons Stephen Jaques), would add valuable expertise to the Macquarie boards.

She held several key management positions including Partner in Charge of the Sydney office, Managing Partner of the International division in Hong Kong and Managing Partner of the Practice division in Sydney.

The appointment of Ms Wakefield Evans as an independent director will result in the Macquarie Group Board comprising 11 members (Macquarie Bank membership 12), including 10 independent non-executive directors.