The Macquarie Group

The Macquarie Group is headquartered in Australia, where we are a leading provider of a full range of investment banking, financial markets and retail financial services. Macquarie Bank listed on the Australian Stock Exchange in 1996 and now ranks as one of Australia's top 25 companies by market capitalisation. Macquarie has reported successive years of record profits and growth since 1992, and currently employs over 4,500 people in 15 countries.

Macquarie's success has been characterised by a strong commitment to chosen markets and a clear focus on achieving outstanding results for our clients in those markets. Technical expertise, strong risk management and an enterprising approach underlie our activities in all areas and have enabled us to achieve a consistent record of profit and growth, delivering significant benefits to clients and shareholders.

What makes Macquarie different?

Key to Macquarie's success is a unique management style that provides individual businesses with a balance between operating freedom and 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 15 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 six 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.

Investment Banking Group

The Investment Banking Group brings together the Bank's wholesale structuring, stockbroking, underwriting and advisory capabilities. The Group provides a depth of service including specialist capabilities in:

• project financing
• mergers and acquisitions, takeovers and corporate restructuring advice
• specialised fund management
• leasing and structured finance
• institutional and corporate stockbroking services
• equities research.

Equity Markets Group

The Equity Markets Group undertakes the Bank's market-making, risk arbitrage, product issuance and principal trading activities in equities and equity derivatives. It also originates and structures equity-based financial products and solutions for retail and wholesale clients, and runs the Bank's equity finance operations.

The Group currently has active operations in Australia, Europe, Hong Kong, Brazil, Japan and South Africa, in the latter two markets through alliances with Mizuho Securities and The Standard Bank of South Africa respectively.

Treasury and Commodities Group

The Treasury and Commodities Group encompasses:

• commodity and futures trading
• debt market trading and origination facilities
• foreign exchange
• strategic financial-advisory and risk-management services.

Banking and Property Group

The Group provides a range of innovative banking and property-related services including:

• tailored banking services for businesses and professionals
• structured finance and property packaging solutions
• property funds management, with $US1.6 billion in property assets through four listed and seven unlisted property trusts
• lending services for property developers and major investors
• mortgages
• margin lending
• golf course-related real estate via Medallist Golf Developments, a joint venture with Greg Norman's Great White Shark Enterprises.

Funds Management Group

The Funds Management Group is Macquarie's funds management arm. It:

• manages funds across a range of asset classes for corporations, businesses and individuals
• has in excess of $US12 billion in funds under management.

Financial Services Group

The Financial Services Group is dedicated to the distribution of financial services via financial advisers and directly to individuals. The Group offers wealth-creation solutions including:

• managed funds and cash management
• full service stockbroking
• financial planning
• private banking
• margin lending
• mortgages.