Macquarie CEO Acknowledges Lessons After Shield Master Trust Collapse
Macquarie Group chief executive Shemara Wikramanayake stated that the company has drawn valuable lessons from the collapse of the Shield Master Trust. Following the incident, Macquarie has gradually reinstated 40 previously suspended funds on its super wrap platform.
“Shemara Wikramanayake says the financial services giant has learnt lessons from the Shield Master Trust collapse as it quietly reinstated products from the likes of Allan Gray, Orbis and Vanguard.”
Last month, Macquarie faced criticism from major Australian fund managers after removing 243 funds from its platform due to regulatory concerns that clients could be affected by the fallout from the collapse. The situation has since improved, with dozens of funds restored.
Funds Fully 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
Funds Partially Reinstated
- VanEck – 9 funds
- Global X – 4 funds
- BetaShares – 2 funds
- Zurich – 1 fund
Macquarie’s latest move marks a cautious recovery and a commitment to rebuild confidence among investors and fund managers.
Author’s Summary
Macquarie reinstated 40 funds and acknowledged strategic lessons from the Shield Master Trust collapse, aiming to restore investor confidence and platform stability.