MACQUARIE GROUP LIMITED

As at 31 March 2025, the latest published shareholder register data, Macquarie Group Limited’s fully paid ordinary shares were held by 222,274 registered shareholders across 381,138,415 shares on issue. As is typical for ASX-listed securities, the largest recorded holders on the register are custodial nominees rather than named beneficial owners: HSBC Custody Nominees (Australia) Limited (113,260,591 shares, 29.72%), J P Morgan Nominees Australia Pty Limited (69,304,830 shares, 18.18%) and Citicorp Nominees Pty Limited (33,403,830 shares, 8.76%) headed the 20-largest-holder table, which together accounted for 70.75% of ordinary shares on issue.

Separately, under Australia’s substantial-holder disclosure rules, four holders were registered as substantial shareholders of Macquarie Group Limited: State Street Corp (27,080,446 shares, approximately 7.1%), Blackrock Group (22,929,594 shares, approximately 6.0%), Vanguard (19,483,841 shares, approximately 5.1%), and Macquarie Group Limited itself (27,719,351 shares, approximately 7.3%), the last representing shares held through the company’s on-market buy-back and employee equity plan (MEREP) rather than an external owner.

Ultimate beneficial ownership: because most of the register is held through custodial nominees acting for many underlying clients, no natural-person ultimate beneficial owner is identifiable from the share register. State Street, BlackRock and Vanguard are themselves large asset managers holding on behalf of pooled investment funds and clients, not individual owners.

Data availability: Major shareholders only. Macquarie Group Limited’s substantial-shareholder disclosures identify holdings above the 5% statutory threshold and the 20-largest-holder table is complete at the registered (nominee) level, but this is not equivalent to disclosure of individual underlying beneficial owners.

Macquarie Group Limited’s board, as published on the company’s official investor and governance pages, currently comprises nine directors: Chair Glenn R Stevens AC (Independent Chair since 10 May 2022, an Independent Voting Director since November 2017) and Managing Director and Chief Executive Officer Shemara Wikramanayake (in the role since December 2018), together with seven independent non-executive directors — Jillian R Broadbent AC (since November 2018), Philip M Coffey (since August 2018), Michelle A Hinchliffe (since March 2022), Susan J Lloyd-Hurwitz AM (since June 2023), Rebecca J McGrath AM (since January 2021), Mike Roche (since January 2021) and William DLM Vereker (since February 2026). Simone Kovacic serves as Company Secretary. Nationality is not disclosed for any director in the sources reviewed and has not been inferred from name or residence.

Recent officer changes: William Vereker joined the board as an Independent Voting Director effective 1 February 2026. In September 2026, Macquarie announced that Shemara Wikramanayake will retire from the boards of Macquarie Group Limited and Macquarie Bank Limited effective 6 November 2026, with Gregory Ward — currently Deputy Managing Director and Head of the Banking and Financial Services Group — announced to succeed her as Managing Director and Chief Executive Officer.

Data availability: Full for the current board, as published directly by the company. The registry record held on file for this profile lists only five officer entries, two of them with professional post-nominal qualifications erroneously appended to the surname field, and it omits the Chair and the independent non-executive directors, so it should not be treated as a current or complete record of the board.

Macquarie Group Limited sits at the top of the Macquarie group. It is an ASX-listed public company with no identified immediate or ultimate parent, a position it has held since a 2006-2007 restructure made it the group’s non-operating holding company in place of Macquarie Bank Limited. Macquarie Bank Limited (ACN 008 583 542), an authorised deposit-taking institution regulated by APRA, is a direct subsidiary of Macquarie Group Limited and itself heads a further group of banking subsidiaries.

The wider group is organised around four principal operating businesses designated in Macquarie’s annual report: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital. Each of these businesses is conducted through numerous direct and indirect subsidiaries incorporated across Australia and other jurisdictions including the United States, the United Kingdom, Mexico, Switzerland and the Cayman Islands. The on-file corporate-linkage data for this profile lists several hundred related entities, reflecting the scale of a global financial-services group rather than a small number of discrete subsidiaries.

Data availability: Partial. The group’s four principal operating businesses and top-tier subsidiaries such as Macquarie Bank Limited are confirmed from the company’s own annual report and website, but the great majority of underlying legal entities in the on-file corporate-linkage data are not individually verified against a registry source for this profile, and ownership percentages within the wider group are not disclosed here.