SYDNEY (Reuters) - Macquarie Group Ltd (MQG.AX: Quote, Profile, Research), Australia's top listed investment bank, named Nicholas Moore as its new chief executive, replacing the outgoing CEO Allan Moss, and forecast a record full-year profit.

The bank also reiterated it had no unusual trading exposures arising from the global credit market turmoil.

Macquarie said year profit would be at least A$1.8 billion ($1.6 billion) and it had no unusual concerns about credit quality, but added that funding costs had risen.

"Macquarie remains very profitable, well capitalized and well funded," Moss said in a statement, ahead of the company's operational briefing.

"Our holdings of cash and liquid securities are currently more than three times normal liquidity levels. We continue to record strong market shares," he added.

Moss, who has been the CEO for almost 15 years, will hand over the reins to Moore, who heads the investment banking division. Moore, who was widely seen as Moss's successor, will take charge from May 24, 2008.

The global credit crisis has forced global banks to writedown billions of dollars tied to their exposure to distressed subprime mortgage loans.

Macquarie, which manages about A$228 billion globally, has been relatively immune, but rising credit costs and volatile equity markets have cast doubt on its ability to pursue deals.

"Overall activity remained reasonable during the quarter despite volatile market conditions. Macquarie continues to pursue strategic growth initiatives," Moss said.