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Star Macquarie banker Nicholas O’Kane, whose resignation from the firm was announced this week less than a year after he received one of the largest pay cheques in banking, has been in talks to join...
Star Macquarie banker Nicholas O’Kane, whose resignation from the firm was announced this week less than a year after he received one of the largest pay cheques in banking, has been in talks to join Swiss commodities trading house Mercuria, four people with knowledge of the matter said on Friday. O'Kane's resignation as head of Sydney-based Macquarie's commodities and global markets came as a surprise to many in the market.
Mr O'Kane has earned the eye-watering figure over six years since joining the executive committee of the company, dubbed the 'millionaires' factory', in 2017.
Macquarie Group has reported a "substantially lower" net profit after tax in FY24 and announced the departure of its long-serving head of commodities and global markets Nicholas O'Kane.
In a decade, Macquarie has become America's second biggest gas trader and one of its largest infrastructure managers. The second part of our series explains how.