One of Macquarie Bank's most high profile group heads, Ottmar Weiss, is retiring from the equity markets group, handing over to Kim Burke who moves back to Sydney from Hong Kong to take up the post.
Weiss has been instrumental in developing Macquarie's equity markets group into a multi-million dollar business, and has spearheaded the bank's international expansion in equity sales and trading, warrants and structured products.
In the first quarter of the bank's current financial year international income swelled to 44% of income compared to 37% of total income last financial year. Much of this revenue was derived from the equities business.
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