Sydney, 23 September 2013
As part of its regular investor communications program, Macquarie Group (Macquarie) (ASX: MQG; ADR: MQBKY) will be presenting at the CLSA Investors Forum on 24 and 25 September 2013.
Contained within the presentation (see attached) is an update to the short term outlook statement that Macquarie provided at the Group’s Annual General Meeting on 25 July 2013. Notably:
The FY14 result also remains subject to a range of other challenges including:
Over the medium term, Macquarie remains well positioned to deliver superior performance. The Group has deep expertise in major markets and we continue to build on our strength in diversity and adapt our portfolio mix to changing market conditions. We are seeing the ongoing benefits of continued cost initiatives, our balance sheet is strong and conservative, and we have a proven risk management framework and culture.