Macquarie is reinventing itself again and no business unit is sacred

Macquarie is restructuring again as Greg Ward prepares to take over as CEO, with the group changing how it invests and reshaping parts of its business. The article says Macquarie has already reworked its principal investment unit and has offloaded its aircraft leasing arm, reflecting an evolution in which no division is permanently protected from change. It cites an internal perspective—at any given time, about 40% of Macquarie’s businesses did not exist five years earlier—highlighting the company’s pattern of entering and exiting activities. The core idea, the piece adds, is that Macquarie pursues better returns wherever they appear rather than staying tied to specific business units, using continuous adaptation to maintain its model.