About the Macquarie Group

The Macquarie Group is a diversified international provider of banking, financial, advisory and investment services, 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 in which its expertise delivers value to clients.
 
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 11,000 people in 25 countries.

Macquarie annual earnings per share, year ending 31 March	Macquarie annual profit after tax, year ending 31 March

Australian dollar amounts have been translated into Singapore dollars solely for the convenience of the reader at a 31 March 2007 rate of $A1.00 =$S1.228. Amounts or ratios are in accordance with these principles.

What makes Macquarie different?

Key to Macquarie's success is a unique management style that provides individual businesses with a balance between operating freedom, controls on risk limits and observance of professional standards. This philosophy encourages a sense of ownership and entrepreneurial endeavour among our people, and has produced a stream of major financial innovations throughout Macquarie's history.

Macquarie's growth strategy is to expand selectively, seeking only to enter markets where we perceive there is a genuine opportunity to add real value. Two of the primary advantages this offers are:

• flexibility to enter new markets as opportunities arise
• freedom to respond to the special requirements of individual markets around the world. 

Our international presence reflects this philosophy, with individual businesses operating in discrete markets in 24 countries. In many cases our strategy on entering new countries is to establish an alliance with a leading local provider. This approach enables us to combine our technical expertise and specialist skills with the market presence and infrastructure of a leading local player.

Macquarie has seven operating Groups within which individual business Divisions operate. The Groups 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.

Macquarie Capital (formerly Investment Banking Group)

Macquarie Capital includes the Macquarie Group’s wholesale structuring, underwriting, corporate advisory, Macquarie Capital Funds, private equity, and specialised equipment financing, institutional stockbroking and equities research capabilities.

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

• project financing
• mergers and acquisitions, takeovers and corporate restructuring advice
• equity capital markets and equity and debt capital management
• specialised infrastructure and specialist fund management
• specialised leasing and asset financing
• manufacture and distribution of wholesale and retail financial products
• institutional cash equities

Equity Markets Group

Macquarie's Equity Markets Group offers a range of specialised investment, trading and risk management products to wholesale and private customers in Australia, Asia, Europe, Latin America and South Africa. It is comprised of four businesses:

• the Equity Linked Products Division, which produces and distributes equity-linked and risk management investment products to retail and wholesale investors
• the MQ hedge fund business, which specialises in quantitative trading strategies and manages single strategy hedge funds and fund-of-hedge-funds for wholesale and retail investors
• the Alternative Strategies Division, which is a joint venture with Macquarie Capital and provides hedge funds with market access, leverage, stock-borrowing and execution services
• the Global Equity Finance Division, which incorporates Macquarie's stock-borrowing-and-lending business and specialises in cross-border structured equity finance transactions for corporate clients

Treasury and Commodities Group

The Treasury and Commodities Group encompasses:

• Commodity, energy and environmental financial products, physical and derivatives structuring and trading
• commodity (metals, bullion and agricultural) and energy finance
• Macquarie's own treasury operation
• futures (listed derivatives) execution and clearing
• debt arrangement, structuring and placement activities
• interest rate and credit derivatives structuring and trading
• foreign exchange trading and structuring.

Banking and Securitisation Group

The Banking and Securitisation Group is Macquarie’s retail lending and banking business. The Group has operations in Australia, North America and Europe. Products and services include:

• residential and commercial mortgage origination and securitisation
• investment lending including margin and capital protected lending
• relationship banking services for businesses and professionals
• secured and unsecured personal loans
• credit cards (issuer and wholesale service provider)

Real Estate Group

Macquarie's Real Estate Group has businesses in Australia, North America, Asia, Europe, the Middle East and South Africa and provides a range of innovative real estate-related services including:

• creation sponsorship and active participation in the management of real estate joint ventures, Real Estate Investment Trusts, unlisted and listed real estate funds
• management and development of global real estate assets
• provision of investment and development finance
• wholesale equity raising, debt/transaction structuring, major project financing, property securitisation, real estate developments, asset management and advisory
• real estate research identifying market trends and opportunities

Funds Management Group

The Funds Management Group is Macquarie's securities asset management arm. The Group:

• manages funds across a wide range of asset classes including cash, fixed income, currencies, listed property, equities and private equity
• is one of the largest fund managers in Australia and has offices located in Australia, Hong Kong, Taiwan, UK and US
• manages funds on behalf of corporations, superannuation funds and individuals
• is a leader in developing innovative products to give clients access to new sectors
• pioneered a range of Incentives funds which charge fees based only on performance

Financial Services Group

The Financial Services Group consists of two key Australasian-based divisions, Macquarie Adviser Services and Macquarie Private Wealth, which together service more than 670,000 clients. In addition, the Group has a team focused on exploring other international investment and distribution opportunities.

Macquarie Adviser Services manages relationships with external financial intermediaries and provides sales service and product management of in-house and external products including retail superannuation and life insurance.

Macquarie Private Wealth has relationships with approximately 235,000 clients. Services include:

• full-service stockbroking and investment planning.
• online stockbroking
• strategic financial planning
• executive wealth management
• private banking
• private portfolio management.

A retail broking operation has recently been established in Thailand in conjunction with TMB.