Macquarie Mortgage Boss Paid More Than CBA CEO Amid Loans Push [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
the boss of the country's biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Greg Ward, the Macquarie Group Ltd. banker in charge of the firm's drive to grab a bigger slice of Australia's mortgage market, will earn more than the boss of the country's biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry. Macquarie grew its share of the nation's mortgages to about 5.3%, according to the firm's earnings report Friday. Commonwealth Bank of Australia has for years been the biggest player in home loans with around a quarter of the market. Article content Article content Ward's remuneration in the 2024 financial year will be A$11.1 million ($7.3 million), up about 4% from the prior year, the firm's annual report showed. CBA Chief Executive Officer Matt Comyn
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