The head of Macquarie Group’s commodities and trading arm was paid more than the chief executive last year after profits at Australia’s “millionaires’ factory” surged.
Simon Wright was awarded A$35.4mn ($25.5mn) for the year to March after profit at his division soared 49 per cent, propelled by asset sales and volatility in the energy markets. The trading executive replaced Nick O’Kane in 2024.
That was more than the A$26.5mn paid to chief executive Shemara Wikramanayake for the year. Ben Way, head of Macquarie’s asset management arm, was paid A$24.1mn, according to the company’s annual report released on Friday.
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