Macquarie Commodity Trader’s $39 Million Pay Tops Dimon (1)

Nick O’Kane, whose powerhouse commodities trading business underpinned Macquarie Group Ltd.’s record annual profit, is taking home more than the firm’s CEO.

O’Kane, who took over as the head of the commodities and global markets unit in 2019, is getting a 59% boost to A$57.6 million ($38.6 million) for the year through March 2023, according to Macquarie’s annual report released Friday. In contrast, Chief Executive Officer Shemara Wikramanayake is getting a total of A$32.8 million, up 27% from a year earlier.

Ructions in commodities markets drove a 54% surge in profit from O’Kane’s unit to A$6 billion ...