A former executive at Macquarie’s sprawling American asset management division alleges she was removed from the board of one of its portfolio businesses after raising concerns about the quality of due diligence and the possibility of financial fraud, and was later illegally sacked.
Ronalee Balog claims she was dismissed in late 2024 while she was on maternity leave and after her partner had suddenly died. She had been the head of Macquarie Asset Management’s portfolio performance group in the Americas, a specialist team established to turbocharge the financial performance and operations of businesses owned by the company.
