Macquarie chief executive Shemara Wikramanayake has vowed to prioritise organic growth and make further inroads in private market investments, as she seeks to shrug off a tough year and investor worries over the company’s earnings prospects.
The asset manager and investment bank’s interim profits were about 12 per cent below market expectations, with higher performance fees from its asset management division overshadowed by the writedown of offshore wind assets and weaker commodities income.
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