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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.
The Australian investment bank said Nick O'Kane (pictured) would step down as head of its commodities and global markets division on February 27.
The leadership shuffle came as Macquarie said its 9-month profit was “substantially down”. Read more at straitstimes.com.
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.
The 28-year veteran of the firm will resign as head of commodities and global markets and from the executive committee on Feb. 27, to “pursue opportunities outside Macquarie,” the bank said in a statement Tuesday.