Graham Macdonald, who co-founded and has headed up the Bangkok-based MBMG advisory business with partner Paul Gambles for more than two decades, is retiring, as he had said he had been planning to do, at the end of May.
Macdonald came to Thailand in 1994 and co-founded the MBMG Group with Gambles a year later.
Associates described him as one of the better known figures in the Southeast Asia financial services industry, both as a business leader and financial commentator.
He was awarded an MBE in 2013 (pictured with the award, right, with Gambles, left) for “services to British business interests in Thailand”.
MBMG said that Macdonald will continue to be active in the industry, as he is taking up an advisory role with Macallan Insurance Brokers.
In a statement, MBMG said Macdonald had “set standards and expectations for behaviour which are universally recognised throughout the industry”.
“These are best captured by his catchphrase, ‘We must always do the right thing’; a principle on which he does not compromise, whether referring to clients, colleagues or business partners,” the statement added.
Well known financial commentator
To many in Thailand and the greater Southeast Asian region, Macdonald is known for his contributions to various newspapers, magazines and journals.
During his more than 20 years in Thailand Macdonald has also been active in the the British and South African Chambers of Commerce (where he currently serves as chairman), and the Board of Trade of Thailand.
He is also presently the President of the Royal British Legion Thailand and involved in a number of charities.