Macquarie Group’s highest earner Nick O’Kane to step down

Macquarie Group Head of Commodities and Global Markets group Nick O'Kane will step down at the end of 2024 – after 28 years. Mr O’Kane is the highest paid banker at Macquarie Group, earning $58 million in a year. His salary and bonuses last year exceeded that of his boss, Macquarie CEO Shemara Wikramanayake whose reported paycheck was $30 million. Mr O'Kane's salary came after the massive boost to commodity prices, which Macquarie profited from, in the aftermath of Russia invading Ukraine. It was announced as part of a third quarter update from Macquarie which resulted in its shares, down three per cent in the past year, falling one per cent today.