Macquarie CEO admits 'learning' experience as it reinstates 40 funds on super platform

Macquarie CEO Reflects on Lessons from Shield Master Trust Collapse

Shemara Wikramanayake, chief executive of Macquarie Group, acknowledged that the financial services company has learned from the collapse of the Shield Master Trust. Following that event, Macquarie initially removed 243 funds from its super wrap platform due to regulatory concerns about potential risks to customers.

Reinstatement of Funds from Prominent Managers

Recently, Macquarie quietly reinstated 40 funds, restoring confidence among several notable Australian fund managers. The full list of reinstated funds includes those from:

Some managers had only a portion of their funds reinstated, including:

Shemara Wikramanayake stated that the company has "learnt lessons from the Shield Master Trust collapse" as it addressed the fund removals.

Background

Macquarie’s decision to remove the funds last month caused dissatisfaction among major Australian fund managers, due to growing regulatory scrutiny. The subsequent partial reinstatements show the company's effort to balance regulatory compliance with client interests.

Summary: Macquarie's CEO highlights the company's learning process from a trust collapse, leading to the cautious reinstatement of 40 funds, rebuilding trust with fund managers and customers alike.

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Capital Brief Capital Brief — 2025-11-07

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