Macquarie Group has announced that Tim Bishop will step down as group head of Macquarie Capital and from the executive committee, effective 31 May 2019.
Bishop, who has been with Macquarie for 20 years, on the executive committee for nine years and head of Macquarie Capital for seven years, will become chair of Macquarie Capital to assist in the transition, Macquarie said.
Daniel Wong, currently global co-head of the Infrastructure and Energy Group based in London, and Michael Silverton, currently head of the Americas, Europe and Asia Group based in New York, will replace him as group co-heads of Macquarie Capital and join the executive committee.