Macquarie Group Appoints Michelle Hinchliffe to Board

Strategic Insights -

Macquarie Group and Macquarie Bank Chairman, Peter Warne, has announced the appointment of Michelle Hinchliffe as an independent director on the Macquarie Group Limited and Macquarie Bank Limited Boards. Hinchliffe has joined the Board Audit, Board Risk, and Board Nominating Committees, bringing her extensive experience in the financial services sector. She has spent 37 years at KPMG, where she held various senior roles, including the UK Chair of Audit. Hinchliffe's appointment follows the retirement of Diane Grady, who had been a director since May 2011. Hinchliffe has also been appointed as an independent director on the Board of BHP since March 2022.

Key Takeaways:

  • Michelle Hinchliffe has been appointed as an independent director on the Macquarie Group Limited and Macquarie Bank Limited Boards, effective immediately.
  • Hinchliffe has extensive experience in the financial services sector, with a 37-year career at KPMG, where she held various senior roles, including the UK Chair of Audit.
  • She has been appointed to the Board Audit, Board Risk, and Board Nominating Committees of Macquarie Group Limited and Macquarie Bank Limited.
  • Hinchliffe's appointment follows the retirement of Diane Grady, who had been a director since May 2011.
  • Hinchliffe has also been appointed as an independent director on the Board of BHP since March 2022.
  • Peter Warne, Macquarie Group and Macquarie Bank Chairman, welcomed Hinchliffe's appointment, citing her deep knowledge of finance and financial services, as well as her global experience.
  • Warne also thanked Diane Grady for her valued contribution to the organization.

Statistics:

  • Michelle Hinchliffe has worked at KPMG for 37 years.
  • She was appointed partner at KPMG in 1997.
  • Hinchliffe was the UK Chair of Audit at KPMG.
  • She held a range of senior roles in the UK and Australia at KPMG.
  • Diane Grady retired from her position as a director on 24 February 2022.
  • Grady had been a director of Macquarie Group Limited and Macquarie Bank Limited since May 2011.

Sources:

  • Macquarie Group news release (ASX: MQG; ADR: MQBKY) available at https://www.asx.com.au/asxpdf/20220301/pdf/456kdcs5ssh7bq.pdf