Macquarie appoints ex-BP CFO to board

Rebecca McGrath has been appointed to the board of the Macquarie Group.

McGrath is currently the chair of mining company OzMinerals and is a director at the AICD, Goodman Group, and Investa Property Group. Until recently, she was also a member of the Australian advisory council for J.P. Morgan.

As an executive, McGrath spent more than 20 years in the oil industry, most recently as the CFO for BP in Australia.

She's joined on the board by Mike Roche.

"We are delighted to welcome Rebecca and Mike, two experienced and highly-skilled Directors," said Macquarie Group chair Peter Warne. "The Macquarie Boards will benefit greatly from their industry knowledge in the energy and corporate finance sectors, as well as their diverse perspectives as we continue to evolve the balance of our director group."

McGrath's appointment brings the Macquarie Group board to 11, including five women. For the 12-member Macquarie Bank board, six members are female.