Macquarie Bank Group appoints new European Head

05 August 2003

LONDON - The Macquarie Bank Group has appointed Mr Jim Craig as head of its European operations. Mr Craig will oversee the Group's activities in Europe which include infrastructure funds management, corporate advisory services, leasing and structured finance, institutional stockbroking and research, treasury and commodities activities and enhanced equities funds management.

Mr Craig, an Executive Director with the Bank, has also been appointed head of Macquarie's Infrastructure and Specialised Funds Division in Europe. Macquarie is a world leader in infrastructure funds management, with a global portfolio of €9 billion including approximately €3.8 billion in European assets under management. Macquarie's portfolio includes several major European assets such as the M6 Toll in Birmingham, Bristol and Birmingham Airports, Rome Airports and the Warnow Crossing in Rostock, Germany.

"We see many exciting opportunities for Macquarie in Europe, particularly in the infrastructure sector as private investment in this area continues to grow," Mr Craig said. "Macquarie has been active in Europe for over 10 years now and we are continuing to grow our activities here, across a range of specialist sectors", he said.

Mr Craig joined Macquarie Bank in Australia in 1994. He moved to London in 2001 to head Macquarie's European advisory business, focusing on the infrastructure sector. Under his stewardship, the advisory team grew from 18 to 40 with dedicated teams specialising in airports, rail, toll roads, PFI, telecoms, utilities and natural resources.

Mr Craig replaces Mr John Roberts, who will relocate to Sydney to become head of the Group's Infrastructure and Specialised Funds business globally.

Mr Andrew Hunter replaces Mr Craig as head of Macquarie's Infrastructure Advisory Services business in Europe which provides project finance, PFI/PPP, takeovers, mergers and acquisitions, corporate restructurings and other corporate strategic and financial advice. Macquarie has enjoyed continued growth and success in this area and now has the largest dedicated private sector PFI advisory team in the UK.

Notes to Editors:
The Macquarie Bank Group provides specialist investment, advisory and financial services in select markets around the world, with 5000 people in 18 countries. Macquarie's European regional base is London where we have over 200 people, with additional offices in Dublin, Frankfurt, Geneva, Munich and Vienna.

For further information please contact:

Jim Craig
Executive Director
Macquarie Bank
Tel: +44 (0)20 7065 2016

Alison Jefferis
Corporate Communications
Macquarie Bank
Tel: +44 (0)20 7065 2335
Mob: (0)79 1938 2958

Andrew Waterworth
Financial Dynamics
Tel: +44 (0)20 7269 7127
Mob: (0) 7771 740484