Macquarie CEO admits ‘learning’ experience as it reinstates 40 funds on super platform
Macquarie Group CEO Shemara Wikramanayake acknowledged that the company took important lessons from the collapse of the Shield Master Trust. The financial group has now reinstated 40 funds previously suspended from its super wrap platform following that incident.
“The financial services giant has learnt lessons from the Shield Master Trust collapse,” said Shemara Wikramanayake.
Last month, Macquarie Group removed 243 funds from its super wrap platform amid regulatory pressure and concerns that its customers could be affected by issues tied to the Shield Master Trust. Following further review, the company reversed course and returned a portion of those funds to the platform.
Reinstated Fund Managers
- All funds reinstated:
- Allan Gray – 4 funds
- Orbis – 1 fund
- Milford – 2 funds
- Acadian – 4 funds
- Baillie Gifford – 1 fund
- Lazard – 9 funds
- Vanguard – 1 fund
- WCM – 2 funds
- Partially reinstated:
- VanEck – 9 funds
- Global X – 4 funds
- BetaShares – 2 funds
- Zurich – 1 fund
The reinstatement marks an effort by Macquarie to rebuild trust with fund managers and investors, signaling a more cautious approach in response to regulatory expectations.
Author’s Summary
After the Shield Master Trust collapse, Macquarie learned vital lessons and reinstated 40 managed funds, restoring confidence among key Australian fund managers.