Corporate and Asset Finance Group

Group contribution to profit based on internal management accounts before tax and profit share Half year to 30 September 2011: 40 per cent Full year to 31 March 2011: 25 per cent

Staff: 948 (at 30 September 2011)

Activities: Corporate and Asset Finance Group (CAF) is the lending and leasing business of Macquarie Group

Locations: Australia, Canada, China, India, Ireland, Japan, Malaysia, New Zealand, Singapore, South Korea, Switzerland, Taiwan, the UK and the US

CAF engages Macquarie Bank Limited's balance sheet to provide lending, leasing and asset management solutions. The Group operates across 62 offices, services clients in over 40 countries and manages more than $US19 billion of funded assets.

Lending

CAF’s Lending business provides bridging, term lending, and asset-backed finance to mid to large corporate clients and also invests in select debt assets trading in secondary debt markets. The Lending team has offices in London, New York, Chicago, Sydney and Singapore.

Leasing and asset finance

Aircraft

Macquarie provides operating leases of commercial jet aircraft to airlines globally. The business can help clients improve capital efficiency and flexibility, reduce fleet and technology migration costs, increase fleet management capability and minimize market risk and equipment obsolescence risk. CAF’s aircraft business includes Macquarie AirFinance, a leading global aircraft operating lessor.

Macquarie Leasing

Macquarie Leasing is a leading provider of finance leases to small to medium enterprises, corporate, government and retail clients in Australia. Macquarie Leasing offers products including finance leases, novated lease agreements and commercial hire purchases for motor vehicles and other income producing plant and equipment.

Macquarie Equipment Finance

Macquarie Equipment Finance provides specialist IT leasing, equipment finance and services solutions for a wide range of technology-based equipment. It offers a complete technology lifecycle solution and provides these services to government entities, education institutions and corporations, in addition to providing vendor finance to equipment manufacturers, resellers and service providers.

Manufacturing

Macquarie Manufacturing is a leasing and trading business of manufacturing, testing and assembly equipment, including integrated circuit equipment. It offers lease finance, trading and asset management services to clients in Europe, Asia and the US.

Meters

Macquarie Meters owns an extensive gas and electricity metering portfolio for major UK energy providers. The portfolio comprises traditional electronic meters and newer 'smart' electronic meters, which are capable of communicating remotely via GSM and GPRS mobile technology. Clients are predominately major UK energy providers.

Mining

CAF’s Mining business provides finance for mining equipment through finance and operating leases and secured lending. This covers a range of surface and underground mobile mining equipment such as haul trucks, excavators and diggers. The team operates globally and its clients include miners, contract miners and rental companies. CAF’s mining equipment finance business complements Macquarie’s existing capabilities in resources M&A and commodity hedging and trading.

Rail

Macquarie Rail offers a wide variety of operating lease structures, portfolio sale and leaseback and portfolio acquisition services for freight railcars and related services, supporting the rail equipment needs of shippers and railroads across North America.

Equipment Leasing Fund

The Macquarie Equipment Leasing Fund is a Macquarie-managed equipment leasing program that became effective in the US in June 2009. It offers eligible US retail investors exposure to a diversified portfolio of equipment and equipment leases. Investments may only be made in accordance with the prospectus dated 19 June 2009.

 

Investments in any of the funds mentioned above are not deposits with, or other liabilities of, Macquarie Bank Limited ABN 46 008 583 542 (MBL) or of any other company in the Macquarie Bank Group and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. Neither MBL nor any other member of the Macquarie Bank Group guarantees any particular rate of return on, or the performance of, any of the above funds, nor do they guarantee the repayment of capital from any of those funds. Any investment in the above funds involves risk (including the potential loss of principal) and the funds may or may not be able to achieve their respective investment objective(s) for a variety of reasons. Past performance is not indicative of future results.