Macquarie Group Limited

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

Non-Executive Chairman since August 2007 (Chairman of Macquarie Bank since inception in February 1985)  (Currently on Leave of Absence)
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 Seoul International Business Advisory Council, the Board of the Centre for the Mind and the Bloomberg Asia Advisory Board. He is also a member of Council of the Royal Agricultural Society of NSW and the Corporate Governance Committee of the Australian Institute of Company Directors and an honorary life member of the Financial Markets Foundation for Children. He was previously Chairman of the management companies of Macquarie ProLogis Trust, Macquarie Office Trust and Macquarie CountryWide Trust.

Nicholas W Moore, BCom LLB (UNSW), FCA

Managing Director and Chief Executive Officer since May 2008
Executive Voting Director of Macquarie Group since February 2008 (of Macquarie Bank since May 2008)
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’s net income through the global growth of the advisory, fund management, financing and securities businesses.  He was previously a Director of Macquarie Infrastructure Group, Macquarie Alliance Group and Macquarie Media Group. Currently, he is also Chairman of the Police and Community Youth Clubs NSW Limited, a Director of the Centre for Independence Studies and a member of the University of NSW Business School Advisory Council and Foundation.

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

Voting Director since August 2007 (of Macquarie Bank since January 1996)
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 a Director of the Australian Stock Exchange (now ASX Limited) from its inception in 1987 and Chairman from 1989 to 1994.  He was also 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 a former member of the International Markets Advisory Board of NASD, the regulator of The NASDAQ Stock Market (USA) and a former Chairman of Transurban Group. Currently, he is Chairman of SMS Management and Technology Limited and the Murdoch Childrens Research Institute, a Director of OneSteel Limited and an associate of ASX Limited. 

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

Independent Voting Director since August 2007 (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, he 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 and Director of Medibank Private Limited.

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

Independent Voting Director since August 2007 (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 the Chairman of Telstra Corporation Limited, a Director of WorleyParsons Limited and Future Directions International Pty Ltd and is a member of the New South Wales Innovation Council.

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

(Acting Chairman in David Clarke’s absence since 27 November 2008)
Independent Voting Director since August 2007 (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
Acting Member of the Board Nominating Committee (Acting Chairman since 27 November 2008)
Acting Member of the Board Remuneration Committee (since 27 November 2008)
Member of the Board Risk Committee

Kevin McCann is currently Chairman of 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.  He is also a NSW Councillor and Chairman of the Corporate Governance Committee of the Australian Institute of Company Directors. Mr McCann was Partner (from 1970 to 2004) and Chairman of Allens Arthur Robinson, a leading firm of Australian lawyers.  He practiced as a commercial lawyer specialising in Mergers and Acquisitions, Mineral and Resources Law and Capital Markets Transactions.  He was also Chairman of Triako Resources Limited and Healthscope Limited.

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

Independent Voting Director since August 2007 (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 of Campus Living Funds Management Limited.  He is also a member of the University Grants Committee of Hong Kong and Deputy Chairman of the Board of Trustees of Singapore Management University.  Dr 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 since August 2007 (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 is currently Chairman of Funds SA and Swiss Re Life and Health (Australia) Limited.  She is also a Director of Origin Energy Limited and Freehills.  Previously, she was involved in the financial services sector as Director of Strategy at Westpac Banking Corporation (1994 to 1999) and a Non-Executive Director of the State Bank of New South Wales and Mercantile Mutual.  In addition, she was previously Chairman of Hudson (Australia and New Zealand) and a Director of UNiTAB, Carter Holt Harvey and Australia Post.  She has also been a Partner at McKinsey and Company.  She has been actively involved in the arts and education.  In the arts, she was formerly Deputy Chairman of the Australia Council, Chairman of the Major Performing Arts Board of the Australia Council, Chairman of the Ministerial Inquiry into the Major Performing Arts and Deputy Chairman of Opera Australia.  In education, she is currently Chancellor of Bond University and was a member of the Bradley Review into Higher Education and Professor in Management and Director of the MBA Program at the Australian Graduate School of Management.

Peter H Warne BA (Macquarie)

Independent Voting Director since August 2007 (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 (Acting Chairman since 27 November 2008)

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 Australian Stock Exchange (ASX Limited) in 2006 he became a Director of ASX Limited. Currently, Mr Warne is on the boards of other listed entities as Chairman of ALE Property Group and a Director of WHK Group Limited. He is also Deputy Chairman of Capital Markets CRC Limited and a Director of Next Financial Limited. Mr Warne is a Director of 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 and a former Chairman and Director of TEYS Limited.

Macquarie Bank Limited

W Richard Sheppard BEc (Hons) (Sydney)

Managing Director and Chief Executive Officer since November 2007
Executive Voting Director 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 Macquarie Group in November 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 associates including Hills Motorway Trust, Macquarie Airports and Macquarie Private Capital Group and is currently Chairman of Macquarie CountryWide Trust and Macquarie DDR Trust and Director of Macquarie Office Management Limited.  He is a member of the Government’s Financial Sector Advisory Council and the Australian Financial Markets Association.  He is also a member of a number of other boards including Cure Cancer Australia Foundation, Quest For Life Foundation, the Bradman Foundation and the Sydney Cricket Club.