Macquarie Group announced on the 23rd that CEO Shemara Wikramanayake will step down on November 6, to be succeeded by veteran executive Greg Ward. During her roughly eight-year tenure as CEO, Wikramanayake restructured the business around asset management and infrastructure investment, reducing reliance on volatile investment banking fee income, and the company's share price more than doubled during her time in charge. Ward is a 30-year Macquarie veteran who served as chief financial officer during the global financial crisis and most recently headed the personal banking division, leading efforts to chip away at the market share of Australia's big four banks in home loans and retail deposits.