Long-term Macquarie executive to step down

Andrew Downe, who first joined Macquarie in 1985, is currently head of commodities and global markets (CGM) and has been a member of the executive committee since 1997.

He is to step down from both his roles on 31 March 2019.

While he will leave his role as head of CGM – which brings together Macquarie’s execution, research, derivatives, trading, fixed income, foreign exchange and commodities businesses to provide clients with an end-to-end service across global markets – Mr Downe will continue to lead the cash equities business globally and retain regional leadership for CGM in Asia.

As of 31 March 2019, Nicholas O’Kane will become group head of CGM, following two years of transition in anticipation of this change.

Mr O’Kane currently leads commodity markets and finance within CGM and was appointed to the executive committee in 2018.

He first joined Macquarie in 1995 and has more than 20 years of experience in global commodity and financial markets.

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