Greg Ward, the Macquarie Group Ltd. banker in charge of the firm’s drive to grab a bigger slice of Australia’s mortgage market, will earn more than the boss of the country’s biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry.
Macquarie grew its share of the nation’s mortgages to about 5.3%, according to the firm’s earnings report Friday. Commonwealth Bank of Australia has for years been the biggest player in home loans with around a quarter of the market.
