Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services.

Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world.

Macquarie Group Limited is listed in Australia (ASX:MQG; ADR:MQBKY) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker. Macquarie also owns a bank in the UK, Macquarie Bank International, which is regulated by the FSA. Macquarie's activities are also subject to scrutiny by other regulatory agencies around the world.

As an owner and manager of significant community assets, Macquarie works closely with governments around the world to deliver important services including transport, roads, airports and utilities. Specialist funds which manage these assets contributed approximately 12 per cent of Macquarie’s total underlying operating income for the half year ended 30 September 2009.

Macquarie’s approach to risk management is long-standing. Strong risk management practices are embedded in business unit management with central oversight of credit, market, funding, compliance and operational risk. These, together with committed, quality staff are key drivers of Macquarie’s success.

Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employed approximately 12,700 people and had assets under management of $A216 billion at 30 September 2009.

Macquarie Group Limited

Macquarie Bank Limited

Macquarie's business groups and divisions

Macquarie has five operating groups and two operating divisions within which individual businesses operate. The businesses specialise in defined product or market sectors and work in close cooperation. Great emphasis is placed on a client's relationship with Macquarie as a whole.

All business activities are encompassed by a strong risk management framework and are facilitated by a number of Macquarie-wide support groups.

Groups

Macquarie Capital (MacCap)

Macquarie Capital comprises Macquarie Group's corporate advisory, equity underwriting and specialised funds management businesses.

With offices in Australia, New Zealand, Asia, North America, Europe, South Africa and the Middle East, Macquarie Capital provides a depth of services including specialist capabilities in:

• Mergers and acquisitions, takeovers and corporate restructuring advice
• Equity capital markets, equity and debt capital management and raising
• Specialised funds management (including infrastructure and real estate funds)
• Debt structuring and distribution
• Private equity placements
• Principal products.

Macquarie Securities Group (MSG)

Macquarie Securities Group’s activities include:

• Institutional Cash Equities; and
• Derivatives / Delta One Trading
  • Institutional / retail derivatives
  • Structured equity finance
  • Arbitrage trading
  • Synthetic products
  • Global Securities Finance
  • Capital management, collateral management and securities borrowing and lending.

Fixed Income, Currencies and Commodities (FICC)

Formerly Treasury and Commodities Group (TCG)

Fixed Income, Currencies and Commodities provides a variety of services across the globe with an underlying specialisation in interest rate, commodity or foreign exchange related institutional trading, marketing, lending, clearing or platform provision.

The predominant FICC client base is financial institutions and significant commodity producers and consumers.  With structuring, sales and trading professionals in Australia, New Zealand, the Americas, Canada, Asia and the Middle East, FICC offers quality service and risk management solutions to meet clients’ needs.

FICC offers trading, sales, research and finance covering:

• Fixed income – interest rate, debt and credit securities
• Currencies – foreign exchange spot, forward and tailored services
• Commodities – metals, energy, environmental products, agriculture, freight, bulk commodities and complementary futures services.

FICC operates in most major trading markets and emerging markets around the world.

Macquarie Funds Group (MFG)

Macquarie Funds Group is a full service fund manager with over 25 years experience. The group offers a range of investments for both retail and institutional investors across a variety of asset classes. These include:

• Equities
• Listed Infrastructure
• Private equity and hedge fund of funds
• Listed real estate
• Currencies
• Fixed income
• Cash
• Commodities

MFG was formed in August 2008 from the merger of the funds and fund-based structured product businesses within the Funds Management Group, Equity Markets Group's Funds Products Division and Macquarie Capital Products Division.

Banking and Financial Services Group (BFS)

Banking and Financial Services products and services include:

• Cash Management Trust (CMT), Cash Management Account (CMA), Premium Portfolio Service and Coin Financial Planning Software
• Full service stockbroking
• Relationship banking services for businesses and professionals
• Private banking, executive wealth management and strategic financial planning
• Private portfolio management
• Mortgage management
• Credit cards (issuer and wholesale service provider)
• Macquarie Life insurance
• Funds management and administration
• Edge Online trading platform.

Divisions

Corporate and Asset Finance (CAF)

Corporate and Asset Finance provides innovative and traditional capital, finance and related services to clients operating in selected international markets. With offices in Australia, New Zealand, Asia, North America and Europe, Corporate and Asset Finance specialises in:

• Leasing and asset finance
• Tailored debt and finance solutions
• Asset remarketing, sourcing and trading.

Real Estate Banking Division (REB)

Real Estate Banking was formed through the merger of the real estate financing and investment businesses in March 2009.

With offices in Australia, China, South Korea, the UK and the US, REB activities encompass:

• Listed and unlisted real estate funds management
• Asset management
• Real estate investment, advisory and developing management
• Real estate project and development financing.

At 30 September 2009, over $A10.7 billion in real estate fund assets were managed by the REB Division and its associates.