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Bill Moss, the banking and property group head at Macquarie Bank, announced he would be leaving after 22 years with the Australian financial giant.
Mr Moss, 52, established Macquarie's property business in 1984 and guided its property funds management business which now manages $23 billion of property-related assets around the globe.
He said that 22 years in one job was a long time and he had many ideas that he wanted to test.
His next project is to take a holiday and "after that, it's a clean slate and a new start".
Mr Moss, who is not related to Macquarie's chief executive Alan Moss, earned total remuneration of A$15.15 million last financial year, which made him the third highest paid executive at Australia's largest investment bank.
Reflecting on his career, Mr Moss said he was particularly proud of the way he and Aussie Homes founder John Symonds led the way by providing cheap mortgages through increased competition with the major banks.
"In more recent years I have been able to explore some other ideas of great personal importance that haven't fitted the typical investment bank model, such as the tourism project at the Aboriginal community of Titjikala in central Australia and Lime Taxis in Sydney," Mr Moss said.
Alan Moss described Mr Moss as "an extraordinary manager and entrepreneur".
"When Bill joined us in 1984, he started with a team of two and proceeded to build what has become a dynamic global business earning hundreds of millions of dollars every year," Mr Moss said.
Mr Moss, who leaves Macquarie next month, will be succeeded by the current head of the real estate divisions Stephen Girdis and the banking and securitisation chief Tony Gill in a joint promotion.
- AAP
