Fitch Ratings has upgraded Macquarie Group’s long-term issuer default rating from A- to A, and its short-term IDR from F2 to F1. Macquarie Bank’s long-term IDR was affirmed at A and its short-term IDR at F1. Fitch said the ratings were underpinned by “robust risk controls and a high-quality management team, which have driven a strong financial profile over a number of years. Fitch expects pressure on funding and liquidity to be limited for the group over the next 12 months.” Brent Cubis has joined the board of EML Payments as an independent non-executive director. Cubis’ executive career included roles as chief financial officer at Cochlear Ltd and Nine Network. He is currently a director of A2B Australia, Silverchain Group and Carbon Cybernetics. He joins the EML board as the company is completing a strategic review, under new CEO Emma Shand, in the wake of a prolonged regulatory intervention in its Irish subsidiary PFS Card Services.