Macquarie wealth investment strategy chief exits

News Snapshot:

Macquarie Group’s wealth management division is without a head of investment strategy. Street Talk understands Jason Todd is no longer at his post after almost six years in the job. Macquarie’s banking and financial services arm has cut the number of advisers on its books. Photo: Bloomberg The departure comes amid a wave of layoffs in the banking and financial services arm which has seen Macquarie cut the number of advisers on its books. The job cuts reflect a changing environment both internally and externally as the bank’s business priorities and customer demands shift and it looks to manage costs....