New York, 08 July 2010
Macquarie Securities Group, the institutional equities arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the expansion of its research coverage with the appointment of Benjamin Schachter to the Technology, Media and Telecommunications (TMT) research team as US Internet and Interactive Media analyst, effective October 2010.
Mr. Schachter, who will be based in New York, will lead Macquarie’s US Internet and Interactive Media coverage. Prior to Macquarie, he worked at Gleacher & Co. as an Internet and Interactive Entertainment Analyst. He also spent nine years at UBS Investment Bank, where he covered the large-cap Internet and Video Game industry. He holds an MBA in Finance from the Johnson School at Cornell University and a BA in Near Eastern Studies from Cornell University.
"We have made a significant investment in our US equities business across sales, sales trading, research and technology and our business has experienced a considerable increase in momentum as a result," said Graham Copley, Senior Managing Director and Head of US Equities. "We are continuing with our successful strategy of building and providing the highest level and fullest breadth of sector coverage in key sectors such as TMT, energy and financials and will continue to do so across other targeted sectors going forward. Ben has a strong reputation and track record, and we are delighted to welcome him to Macquarie."
"Ben is an experienced analyst, whose deep sector knowledge - particularly in internet and interactive media companies - completes Macquarie’s comprehensive US TMT coverage, said Phil Cusick, Managing Director and Head of US TMT research. "His appointment will bring complementary experience in a key sector vertical for Macquarie and continues our commitment to providing specialist sector coverage globally."
Thomas White, also previously at Gleacher & Co. and UBS Investment Bank, will join Macquarie as an Analyst and will work alongside Mr. Schachter within the US TMT research team on the internet sector.
Macquarie’s US TMT team works in close coordination with counterparts in Europe and the Asia-Pacific region to provide global sector coverage and joint research to the firm’s clients. The US TMT research team covers the information technology hardware, internet, semiconductor, software and telecommunications sectors.