REB judge

Mary MacLeod

Senior Adviser | McKinsey & Company


Mary MacLeod is a senior advisor in the Sydney office. She has over 20 years of experience in restructuring, building and managing banking businesses across Asia and Globally. Most recently, she was the CTO (Chief Transformation officer) of ANZ Institutional, responsible for leading the transformation of that division, and all the technology, control and support functions that service it. This encompassed reshaping divisional strategy, rethinking the business model both to adapt to the market environment and also to capture the benefits of digitisation, reducing capital intensity and driving productivity. The transformation plan and its effective execution, which began in early 2016, has been cited by many analysts as the major factor contributing to the rerating of the stock. Mary joined ANZ as the CFO of ANZ’s Institutional Division, a business that spans 23 countries and generates revenues of around AUD7.5bn.

Mary joined ICBC, the world’s largest bank, in January 2011 as deputy Chief Executive Officer of ICBC International, ICBC’s investment banking arm. She was the first and only senior foreign employee of ICBC and one of only a handful of foreigners to work in a senior position in a Chinese SOE. As Deputy CEO, Mary was responsible for developing and implementing the growth strategy of the Company, and building the policies, processes and infrastructure required to operate an Investment Bank. She drove senior hiring, directly supervised the back office, including all the Risk functions, HR, Strategy, Operations IT and Finance and was a key face of the Company to the regulators and investors. Mary was also Chairman of the Investment Committee (which approves and monitors all principal debt and equity investments), the Securities and Futures trading committee and the New Products Approval Committee, and was a member of the Investment Banking Commitment Committee (which approves all underwriting activity), the Compliance Committee and the Reputational Risk Committee.