Michael Carapiet


Michael Carapiet, chair of the icare board

Member, Investment and Asset Committee
Member, People and Remuneration Committee

Michael Carapiet has 30 years’ experience in banking and financial services, gained across the major financial markets of the world.

He has extensive governance and board experience with private and Government entities.

Michael was previously the Chairperson of the Safety, Return to Work and Support Board and during which the Workers Compensation Scheme returned to surplus while delivering premium rate reductions.

He is Chair of Link Administration Holdings Limited; Smartgroup Corporation Limited; the Business Advisory Council and Adexum Capital Limited. He was previously a board member of Infrastructure Australia.

Previous government roles include Chairperson of the SAS Trustee Corporation, the trustee entity for NSW State Super which managed over $40 billion in investment funds. He chaired the Review of Crown Land Management in NSW and was a board member of Clean Energy Finance Corporation and Deputy Chairman of Export Finance Insurance Corporation.

Michael held a number of senior executive roles with the Macquarie Group, which he first joined in 1985. He was a member of Macquarie’s Executive Committee from 2005. Prior to his retirement in July 2011 he was Executive Chairman of Macquarie Capital and Macquarie Securities.

Michael has a Master of Business Administration from Macquarie University.