** Shares of Macquarie MQG.AX fall around 5.5% for the week, their worst weekly drop so far since late-March

** Shares of the investment bank ease 0.1% to A$213.65 on Friday

** Stock down 5% in previous session after shareholders challenged co's executive pay with over 25% voting against the remuneration resolution

** Co also announced resignation of its chief financial officer Alex Harvey while it posted a decline in quarterly profit due to lower contributions from its asset management arm and commodities and global markets unit

** Morgan Stanley thinks incoming CEO should prioritise lifting co's ROE back to mid- to high-teens, as current low-teens ROE is lagging peers

** Average rating of 10 analysts 'buy'; their median PT is A$224.45 – according to data compiled by LSEG

** Stock down 3.2%, YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))