macquarie.com.au  2014 Annual Financial Report  Macquarie Group Limited and its subsidiaries  Directors’ Report  –  Remuneration Report  for the financial year ended 31 March 2014  continued  (1) This includes accumulated service at acquired companies, for example Bankers Trust Investment Bank Australia and ING’s Asian  Equities business.  (2) Directors include all Director-level staff, being Associate Directors, Division Directors and Executive Directors. As at 31 March 2014,  there were a total of 3,278 Director-level staff, of whom 334 were Executive Directors. Directors’ tenure as at 31 March 2014 66 