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Macquarie Group broker David Kiely, who was seen live on TV opening an email carrying pictures of model Miranda Kerr, will remain at the investment bank.
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.
"He will remain an employee of Macquarie," the statement said.
"Macquarie and the employee apologise for any offence that may have been caused."
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, The Courier-Mail reports.
Earlier, Kerr had offered to sign a petition to help the red-faced broker to save his job.
"I am told there is a petition to save his job and of course I would sign it," said Kerr, who is in Australia.
Mr Kiely, who until Tuesday was an anonymous suit, has become a worldwide sensation after footage of him getting caught on TV ogling Kerr's curves became a YouTube hit.
