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Macquarie Capital’s Australia head retires

Robin Bishop’s successors as co-heads have more than 12 years of experience within the group.

Robin Bishop, head of Macquarie Capital for Australia and New Zealand, has announced his retirement this week.

Bishop, 46, first joined Macquarie's advisory arm as a graduate in 1995 and has been with the group for almost 22 years. He was named head of Macquarie Capital for Australia and New Zealand in 2011 and has led significant transactions such as Wesfarmers' A$16 billion (€11 billion; $12 billion) acquisition of Coles, the A$10 billion-plus sale of AXA Asia Pacific Holdings and the A$5.7 billion Medibank Private float.

“Investment banking is a fabulous career but it is an intensive career,” Bishop told local news media. “I raised it with Tim [Bishop, head of Macquarie Capital] a little while ago that it might be time for me to smell the roses.”

“He leaves behind a deep and experienced senior management team and a business in great shape,” a source close to the matter said.

The group has promoted Tim Joyce and John Pickhaver to co-heads of Macquarie Capital for Australia and New Zealand. Both have been with the group for more than 12 years. Joyce and Pickhaver are currently the regional head of industrials and co-head of infrastructure, utilities and renewables, respectively.

Recent Macquarie Capital deals include a A$137 million capital raising for aged care service provider Estia Health and a mandate defending travel insurance re-seller Cover-More from an A$850 million takeover.

Macquarie Capital provides advisory and capital raising services to corporate and government clients involved in public mergers and acquisitions, private acquisitions and divestments, debt and equity fundraising and corporate restructuring. It has 1,149 staff globally.