Press Release

Macquarie appoints Michael Ashforth to Perth Office

Perth, 27 January 2010

Macquarie Group today announced Michael Ashforth has been appointed as an Executive Director of Macquarie Capital Advisers in Perth.

Mr Ashforth has more than 20 years experience in mergers and acquisitions and corporate finance. He joins Macquarie from Gresham Advisory Partners, where he was head of Gresham's Perth operations for 13 years.

The appointment will further strengthen the management team at Macquarie Capital Advisers and Macquarie's advisory presence in Perth.

Michael Carapiet, head of Macquarie Capital Advisers, said "We are delighted to welcome Michael to the Macquarie Capital Advisers team in Perth. His extensive experience will be of great benefit to our clients. The strength of his relationships will complement our business in Western Australia, particularly in the resources space where we are seeing strong domestic and cross border activity."

Mr Ashforth said: "Macquarie's strong balance sheet and global business provide a range of opportunities and I look forward to discussing these with clients."

Macquarie Capital Advisers is one of several Macquarie Group businesses servicing West Australian-based clients. Macquarie Group employs approximately 130 staff in Perth, providing banking, advisory, wealth management, funds management and real estate management services.


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