John Porteous joins Macquarie

03 August 2009

LONDON — Macquarie has announced the appointment of John Porteous within its Banking and Financial Services Group as a Division Director and Head of Distribution, (with a current focus on the group’s wrap service offering).

Porteous joins Macquarie from BDO Stoy Hayward Investment Management where he was Director – Head of Private Clients. A well known figure in financial planning circles, John is a past Chairman of the Society of Financial Advisers and former Director of the Institute of Financial Planning.

“We are delighted to welcome John into the team and very much look forward to his leadership and contribution towards our business growth. The financial planning market is clearly continuing to evolve and we recognise the opportunity to be an active participant in this. With his tremendous experience as a practicing financial planner and business leader, John’s perspective, experience and industry credentials will immediately benefit Macquarie and our clients”, said Jason Huddy, Head of Banking and Financial Services (UK).

"During my discussions with Macquarie, I have been impressed not only by their credentials in retail wealth management and delivery plans as a Wrap provider, but also by their deep understanding of the advice market place and commitment to support planners best serve their clients and grow their businesses in rapidly changing markets.” said John.

Porteous commences with Macquarie on 3rd August and will be based in their London office.

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 planners and other professional service providers. Amongst the services provided by Macquarie is one of the most successful Wrap Account offering in Australia which serves over 70,000 clients on behalf of over 2,500 financial planners. Macquarie rolled-out a Wrap Account in the UK in March this year and is currently focussed on growing this platform and developing additional offerings in support of planners service to clients. The Macquarie Banking and Financial Services Group has approximately 3,000 employees with operations in Australia, New Zealand, Asia, North America, India as well as 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 70 office locations in 26 countries. Macquarie employed approximately 12,700 people and had assets under management of £118 billion at 31 March 2009.

For further information, please contact:

Gavin Winbanks
Corporate Communications
Macquarie Group
Tel: +44 20 3037 5944