Overview

Macquarie to launch commodity investor products business, appoints Arun Assumall to head business

14 March 2012

London - Macquarie Group Limited today announces the appointment of Arun Assumall as global head of its new Commodity Investor Products business within the Fixed Income, Currencies and Commodities Group (FICC), based in London.

Arun will join Macquarie in June 2012 after 11 years with Goldman Sachs where he was global head of the Commodity Investor Sales team, responsible for structuring and marketing commodity-linked products to both institutional investors and private clients.

Arun will lead the newly formed Commodity Investor Products business, which will offer bespoke beta and absolute return commodity index products to institutional clients as well as expand Macquarie’s existing franchise and trading capabilities into this client segment. The business is a natural extension of Macquarie’s existing commodity sales and trading platform and compliments Macquarie’s wider investment management strengths.

Sebastian Barrack, Senior Managing Director of FICC, said: “I am delighted to welcome Arun to Macquarie. Arun, who is highly respected within this field, will drive the growth of the new Commodity Investor Products business and we look forward to benefiting from his extensive experience and market knowledge.

“Macquarie is well placed to develop a strong offering in this market by leveraging the scale and strength of its existing commodities platform covering physical, financial, research and sales and trading. We see this as a significant opportunity to gain market share in an area where there is an increasing investor demand for alternative assets.”

Chief Executive Officer of Macquarie in Europe, Middle East and Africa, David Fass, said: “The Commodity Investor Products business will be an important addition to Macquarie’s EMEA platform. Macquarie’s reputation and strength across commodities markets provides a great foundation to successfully build a bespoke offering to clients in commodity products.”

EDITORS NOTES

Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services acting on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie employs more than 14,628 people in 28 countries. At 30 September 2011, Macquarie had assets under management of €236 billion.

Fixed Income, Currencies and Commodities (FICC) is a global network of specialists providing trading, financing and risk management services in a range of commodities markets. FICC employs over 900 people who are engaged in business activities across Australia, Brazil, Canada, China, Hong Kong, Indonesia, Japan, Singapore, South Korea, Switzerland, the UAE, the UK and the US.

For further information, please contact:

Karen Smith
Corporate Communications, Macquarie Group
Telephone: +44 (0) 20 3037 2420
Email: karen.smith@macquarie.com

Amanda Mitchell
Corporate Communications, Macquarie Group
Telephone: +44 (0) 20 3037 2311
Email: amanda.mitchell@macquarie.com