Macquarie Group broker David Kiely, who was seen live on television ogling pictures of model Miranda Kerr, will remain at the investment bank.

Mr Kiely was in the wrong place at the wrong time when he opened the document as his Macquarie colleague Martin Lakos made a live cross on Tuesday to the Seven Network to discuss the central bank's latest interest rate decision.

Macquarie said in a statement it had completed an internal review of the events of February 2 and action had been taken after discussions with the employee, a banker in its private wealth division.

''He will remain an employee of Macquarie,'' the statement said.