Boards of Directors

David S Clarke, AO, BEc (Hons), Hon DScEcon (Syd), MBA (Harv)

Non-Executive Chairman of Macquarie Group since August 2007
Chairman of Macquarie Bank since inception in February 1985
Chairman of the Board Nominating Committee
Chairman of the Board Risk Committee
Member of the Board Remuneration Committee

David Clarke was Executive Chairman of Macquarie Bank Limited from its formation in 1985 until March 2007, when he ceased executive duties. From 1971 to 1977, he was Joint Managing Director of Hill Samuel Australia Limited (predecessor to Macquarie Bank Limited), from 1977 to 1984 Managing Director, and from 1984, Executive Chairman. He is also Chairman of Australian Vintage Limited and Goodman Group. He is an associate of ASX Limited and a member of the Investment Advisory Committee of the Australian Olympic Foundation, the Harvard Business School Asia Pacific Advisory Committee, the Seoul International Business Advisory Council, the Board of the Centre for the Mind, the Bloomberg Asia Advisory Board and the Corporate Governance Committee of the Australian Institute of Company Directors.

Nicholas W Moore, BCom LLB (UNSW), FCA

Managing Director of Macquarie Group effective on 24 May 2008
Executive Voting Director of Macquarie Group since February 2008
Executive Voting Director of macquarie Bank since May 2007
Member of the Board Risk Committee

Nicholas Moore joined Macquarie's Corporate Services Division in 1986. He led a range of transactions, including Hills Motorway, which led the development of Macquarie's infrastructure business. In 1996, Mr Moore was appointed Head of the Project and Structured Finance Division. In 1998 he was appointed Head of the Asset and Infrastructure Group and then Head of the Investment Banking Group (predecessor to Macquarie Capital) on its inception in 2001. In this role, he oversaw significant growth in Macquarie Capital net income through the global growth of the advisory, fund management, financing and securities businesses. On Allan Moss' retirement in May 2008, Mr Moore will become Chief Executive Officer and Managing Director of Macquarie Group Limited.

Laurence G Cox, AO, BCom (Melb), FCPA, SF Fin

Voting Director of Macquarie Group since August 2007
Voting Director of Macquarie Bank from August 1993 to August 2007
Executive Voting Director since August 2007 (of Macquarie Bank since March 2004)
Member of the Board Risk Committee

Laurie Cox joined the Board as a Non-Executive Director and also became Joint Chairman of Macquarie Corporate Finance Limited in January 1996.  He was previously Executive Chairman of the Potter Warburg Group of Companies and a Director of S G Warburg Securities of London.  Mr Cox was Chairman of Australian Stock Exchange Limited from 1989 to 1994.  He was a Director of ASX from its inception in 1987, a Director of Securities Exchanges Guarantee Corporation from 1987 to 1995 and a member of the Executive Committee of the Internationale Bourses des Valeurs from 1990 to 1992.  He is also a former member of the International Markets Advisory Board of NASD, the regulator of The NASDAQ Stock Market (USA), the former Chairman of Transurban Group and is currently an associate of ASX.  He is Chairman of SMS Management & Technology Limited and the Murdoch Childrens Research Institute and is a Director of OneSteel Limited and Research Australia Limited.  He was appointed an Executive Director of the Bank in March 2004.

Peter M Kirby, BEc (Rhodes), BEc (Hons) (Natal), MA (Manch), MBA (Wits)

Independent Voting Director of Macquarie Group since August 2007
Independent Voting Director of Macquarie Bank since June 2003
Member of the Board Audit and Compliance Committee
Member of the Board Corporate Governance Committee
Member of the Board Risk Committee

Peter Kirby was the Managing Director and Chief Executive Officer of CSR Limited from 1998 to March 2003.  He was a member of the Board of the Business Council of Australia from 2001 to 2003.  Mr Kirby received the Centenary Medal in 2003.  Prior to joining CSR, Mr Kirby was with the Imperial Chemical Industries PLC group ("ICI") for 25 years in a variety of senior management positions around the world, including Chairman/CEO of ICI Paints, responsible for the group's coatings businesses worldwide, and a member of the Executive Board of ICI PLC, with responsibility for ICI Americas and the western hemisphere.  He is a Director of Orica Limited and the Beacon Foundation. He is a former Chairman of Medibank Private Limited.

Catherine B Livingstone, BA (Hons) (Macquarie), FCA, FTSE

Independent Voting Director of Macquarie Group since August 2007
Independent Voting Director of Macquarie Bank since November 2003
Chairman of the Board Audit and Compliance Committee
Member of the Board Nominating Committee
Member of the Board Risk Committee

Catherine Livingstone was the Managing Director of Cochlear Limited from 1994 to 2000.  Prior to that she was the Chief Executive, Finance at Nucleus Limited and before that held a variety of finance and accounting roles including having been with chartered accountants, Price Waterhouse, for several years.  Ms Livingstone was also previously Chairman of the CSIRO and a Director of Goodman Fielder and Rural Press Limited. Ms Livingstone was awarded the Centenary Medal in 2003 for service to Australian Society in Business Leadership and was elected a Fellow of the Australian Academy of Technological Sciences and Engineering in 2002.  She is currently a Director of Telstra Corporation Limited and WorleyParsons Limited, a member of the Board of the Macquarie Graduate School of Management and Future Directions International Pty Ltd and is a member of the Council of the Royal Institution of Australia, the New South Wales Inovation Council and Australia's National Innovation System Review Panel.

H Kevin McCann, AM, BA LLB (Hons)(Syd), LLM (Harv), FAICD

Independent Voting Director of Macquarie Group since August 2007
Independent Voting Director of Macquarie Bank since December 1996
Lead Independent Voting Director
Chairman of the Board Corporate Governance Committee
Member of the Board Audit and Compliance Committee
Member of the Board Risk Committee

Kevin McCann is a former Partner and Chairman of Allens Arthur Robinson, a leading firm of Australian lawyers.  He was a Partner at the firm from 1970 to 2004.  He practiced as a commercial lawyer specialising in Mergers and Acquisitions, Mineral and Resources Law and Capital Markets Transactions.  He is Chairman of Healthscope Limited, Origin Energy Limited and the Sydney Harbour Federation Trust, a director of BlueScope Steel Limited and a Member of the Takeovers Panel and the Council of the National Library of Australia and is a NSW Councillor of the Australian Institute of Company Directors.

John R Niland, AC, BCom, MCom, HonDSc (UNSW), PhD (Illinois), DUniv (SCU), FAICD

Independent Voting Director of Macquarie Group since August 2007
Independent Voting Director of Macquarie Bank since February 2003
Member of the Board Remuneration Committee
Member of the Board Corporate Governance Committee
Member of the Board Risk Committee

John Niland is a Professor Emeritus of the University of New South Wales (UNSW) and was Vice-Chancellor and President of UNSW from 1992 to 2002.  Before that he was the Dean of the Faculty of Commerce and Economics.  He is currently Chairman of the Centennial Park and Moore Park Trust and Chairman of Campus Living Funds Management Limited. He is also a member of the University Grants Committee of Hong Kong and a member of the Board of Trustees of Singapore Management University, where he chairs the Finance and Remuneration Committee.  Professor Niland is a former Chief Executive of the State Pollution Control Commission and Executive Chairman of the Environment Protection Authority.  He has served on the Australian Universities Council, the Prime Minister's Science, Engineering and Innovation Council, the Boards of realestate.com.au Limited, St Vincent’s Hospital and the Sydney Symphony Orchestra Foundation, and the Sydney Olympic bid’s Building Commission.

Helen M Nugent, AO, BA (Hons), PhD (Qld), MBA (Harv)

Independent Voting Director of Macquarie Group Limited since August 2007
Independent Voting Director of Macquarie Bank since June 1999
Chairman of the Board Remuneration Committee
Member of the Board Nominating Committee
Member of the Board Risk Committee

Helen Nugent has held a number of roles in the finance sector.  She is currently Chairman of Funds SA and Swiss Re Life and Health (Australia) Limited and previously was Director of Strategy, Westpac Banking Corporation, a Non-Executive Director of the State Bank of New South Wales and a Non-Executive Director of Mercantile Mutual.   Currently, she is also a Director of Origin Energy Limited and the Australian Davos Connection, a member of the Board of Freehills, the Australian Government's Higher Education Review Panel and the Australian Institute of Company Directors and part-time Executive Chairman of Hudson (Australia and New Zealand).  She was formerly Deputy Chairman of the Australia Council and Chairman of the Major Performing Arts Board of the Australia Council and in 1999, she was Chairman of the Ministerial Inquiry into the Major Performing Arts.  Prior to joining Westpac, Dr Nugent was Professor in Management and Director of the MBA Program at the Australian Graduate School of Management and a partner at McKinsey and Company.

Peter H Warne, BA (Macquarie)

Independent Voting Director of Macquarie Group since August 2007
Independent Voting Director of Macquarie Bank since July 2007
Member of the Board Audit and Compliance Committee
Member of the Board Remuneration Committee
Member of the Board Risk Committee

Peter Warne was Head of Bankers Trust Australia Limited’s (“BTAL”) Financial Markets Group from 1988 to 1999.  Prior to this he held a number of roles at BTAL.  He was a Director and Deputy Chairman of the Sydney Futures Exchange (“SFE”) from 1995 to 1999 and a Director from 2000 to 2006.   When the SFE merged with the Australian Stock Exchange (“ASX”) in 2006 he became a Director of ASX Limited.  Currently, he is also Chairman of Next Financial Limited, Australian Leisure and Entertainment Property Group and Capital Markets CRC Limited.  Mr Warne is a Director of WHK Group Limited, Global Approach Limited and Securities Research Centre of Asia Pacific Limited, and a Member of the Advisory Board of the Australian Office of Financial Management.  He is a former Director of Macquarie Capital Alliance Group.

W Richard Sheppard BEc (Hons) (Sydney)

Managing Director and CEO of Macquarie Bank since November 2007
Excutive Voting Director of Macquarie Bank since November 2007

Richard Sheppard joined Macquarie Group’s predecessor, Hill Samuel Australia in 1975, initially working in Corporate Finance.  He was Head of the Bank’s Melbourne Office from 1986 until 1988 and became Head of the Corporate Banking Group in 1988.  He has been a member of the Group Executive Committee since 1986 and Deputy Managing Director since 1996.  Following the restructure of the Macquarie Group in late 2007 he was appointed Managing Director and CEO of Macquarie Bank Limited and Deputy Managing Director of Macquarie Group Limited. He is a past Chairman of several of the Bank’s businesses including Hills Motorway Trust and Macquarie Airports and is currently Chairman of Macquarie Country Wide Trust, Macquarie DDR Trust and Macquarie Private Capital Group.  He is a member of the Government’s Financial Sector Advisory Council and the Australian Financial Markets Association.  He also sits on a number of other boards including Cure Cancer Australia Foundation, Quest For Life Foundation, the Bradman Foundation and the Sydney Cricket Club.