Shemara Wikramanayake

Macquarie operates across four main businesses: Macquarie Asset Management (MAM, one of the world's largest infrastructure asset managers with over A$900 billion in AUM), Banking and Financial Services (Australian retail banking and wealth management), Commodities and Global Markets (commodity trading, risk management), and Macquarie Capital (advisory and principal investing). Macquarie's green infrastructure franchise is its most strategically important business. The company is one of the world's largest investors in and managers of renewable energy assets — wind farms, solar installations, battery storage, and green hydrogen projects. This positioning at the intersection of infrastructure investing and the energy transition has created significant competitive advantages as institutional investors increasingly allocate capital toward ESG-aligned infrastructure assets. Wikramanayake's management of performance fees (which drive significant earnings variability), green infrastructure AUM growth, commodities trading revenue, and the balance between annuity-style and markets-facing earnings are the primary drivers of the stock.