Macquarie Group
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| Macquarie Group | |
| |
| Founded | 1985 |
|---|---|
| Headquarters | Sydney, Australia |
| Key People | Allan Moss, Managing Director; David Clark, Chairman |
| Web site | http://www.macquarie.com.au/au/index.html |
The Macquarie Group is a diversified international provider of banking, financial, advisory and investment services. It is headquartered in Sydney, Australia.
Macquarie's strategy is to expand selectively and enter markets only where its particular skills and expertise deliver real value to clients. This approach provides the strategic flexibility to enter new sectors and regions as opportunities arise and to respond to the specialist requirements of individual markets. As a result, Macquarie has established leading positions in a diverse range of markets.
In Australia and New Zealand, Macquarie is a market leader in investment and financial services. In Asia, Macquarie offers a full range of investment, financial market and advisory products and services, and in Europe, the Middle East, Africa and the Americas, Macquarie focuses on particular business areas.
Macquarie has grown substantially since its beginnings in Australia in 1969 - and more recently has reported successive years of record profits and growth since 1992. Macquarie now employs more than 13,000 people in 25 countries.[1][2]
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History
Macquarie began as a merchant bank, Hill Samuel Australia (HSA), a subsidiary of Hill Samuel & Co. Limited, in London. It began operating in Sydney in 1970 with only three staff members.
Responding to changes stemming from the deregulation of the financial markets, HSA in 1981 began working on a proposal to become a trading bank. It then became Macquarie Bank Limited (MBL) in February 1985, making it the second private trading bank established in Australia in the 20th Century.
The bank gets its name from Governor Lachlan Macquarie, who was responsible for transforming an early penal colony in Australia into a thriving economy.
Macquarie Bank took over the activities of HSA on March 1, 1985 with a retail branch in Sydney and opened a trading bank branch in Melbourne a few months later. It opened another branch is Brisbane in November 1986.
On July 29, 1996, Macquarie Bank listed its shares on the Australian Stock Exchange (ASX) and on Oct. 30, 1996 entered the ASX All Ordinaries Index, with a market capitalization of approximately $1.3 billion.
In October 2007, MBL restructured the Macquarie group into a non-operating holding company (“NOHC”) structure. The NOHC and ultimate parent of the Macquarie group, Macquarie Group Limited, is listed on the Australian Securities Exchange.
Today, the Macquarie group offers a range of banking, financial, advisory and investment services.
In April of 2008, the company announced that it formed SVA Consulting, a strategic consulting practice for the not-for-profit sector - with Social Ventures Australia.[3]
Products and Services
Key People
See Also
References
- ↑ Company Profile. Macquarie. Retrieved on June 12, 2008.
- ↑ For Whom the Tolls Swell. Economist.com. Retrieved on June 12, 2008.
- ↑ Press Release. Macquarie. Retrieved on June 12, 2008.
Resources
Macquarie Bank web site [1]
