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21 July 2008
Macquarie’s Banking and Financial Services Group has announced the appointment of Nigel Unwin to the role of Head of Operations for its UK wrap business.
Nigel is a chartered accountant with more than 20 years experience in financial services spanning stockbroking and financial services technology delivery as well as building a wrap business. He was most recently a member of the senior management team of Funds Direct where his roles included IT and Operations Director. Nigel was a member of the original management team which bought out Funds Direct in 2005 and launched the Ascentric Wrap in August 2006.
"I have known the Macquarie team for some time. They have impressed me both with their proven track record in developing and delivering a highly successful wrap offering in Australia and by their commitment to actively engaging with IFAs in developing the UK wrap offering. I am delighted to join Macquarie and very excited to be part of this wrap delivery,” said Nigel.
Having recently announced plans for a wrap platform in the UK, Macquarie is currently consulting with financial planners and other market participants as it completes development of its adviser-led solution and recruits staff. Macquarie has operated a wrap platform for Australian financial planners for almost 10 years. It is one of the country’s fastest growing wraps, renowned for its commitment to service quality and ongoing engagement with its users in setting development priorities. Jason Huddy, Head of Macquarie’s UK Banking and Financial Services Group, was formerly responsible for the distribution of the Group’s Australian wrap business.
“Nigel’s depth and breadth of experience in the wealth management and wrap market will be invaluable in the successful development and delivery of Macquarie’s wrap offering,” said Jason. “The more we engage with financial planners, the more excited we get about the opportunity to work with them in rolling out our wrap offering in a way that will best support their business and service proposition to their clients. Successful wraps will consistently evolve and deliver service standards of the highest quality. Nigel has significant experience in this regard and we are delighted to welcome him as part of our team.”
About Macquarie Banking and Financial Services Group
The Macquarie Banking and Financial Services Group is the primary relationship manager for Macquarie Group’s (Macquarie) retail client base, providing a diverse range of products and services to personal investors, financial advisers and professional service. The products and services offered range from Australia’s largest cash trust - Macquarie Cash Management Trust - and one of the market leading wrap platforms - Macquarie Wrap - to full service stockbroking and strategic financial planning, investment lending, superannuation services and a premium credit card offering. The Macquarie Banking and Financial Services Group has approximately 3,000 employees with operations in Australia, New Zealand, Asia, North America and the UK and Europe.
About Macquarie
Macquarie is a global provider of banking, financial, advisory, investment and funds management services and acts on behalf of institutional, corporate and retail clients and counterparties around the world.
Macquarie Group Limited is listed in Australia 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 subject to regulation by over 100 agencies around the world. 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 60 office locations in 25 countries and employs more than 13,000 people. Assets under management total more than £106 billion.
FOR FURTHER INFORMATION
Karen Smith
Corporate Communication, Macquarie Group
Phone: 0203 037 2420
Mobile: 07917 081 541
karen.smith@macquarie.com
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