New York, 10 July 2018
Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the appointment of three senior contributors to its Cash Equities business within the Commodities and Global Markets Group, an increased investment to strengthen and diversify the Cash Equities business.
Alex Goodman has been appointed Managing Director and Head of US Cash Trading, Maynard Um has joined the firm as a Senior Research Analyst covering automotive and disruptive technology companies and Marc Racioppo has been appointed an ADR trader and specialist in Asian equities.
Mr. Goodman leads a team of seven traders, including Mr. Racioppo. Mr. Goodman has previously held senior trading positons at Davidson Kempner, Citigroup and Bank of America, among others. Mr. Racioppo is joining Macquarie from Jefferies.
“Technological advancements and changing liquidity avenues are transforming the way investors process information and execute trades. Accordingly, clients are demanding higher levels of specialization and efficiency,” said J.T. Cacciabaudo, Head of US Execution Sales, Cash Equities at Macquarie Group. “These appointments will help us deepen our expertise and enhance Macquarie’s market leading position.”
Mr. Um will focus on the way technological innovation will transform the automotive industry and related manufacturing. His vision and experience in following hardware, wireless equipment and other transformed industries will drive innovative research and ideas for clients in this important and evolving area. Mr. Um joined Macquarie from Wells Fargo Securities, where he was a senior research analyst covering technology companies. Prior to that, he covered technology as a senior analyst at UBS.
“We are delighted to have Maynard join our coverage team and offer differentiated analysis that our clients need. To understand today’s automotive industry, you must also have insight into technology and its disruptive potential,” said Christine Farkas, Managing Director and Head of US Equity Research. “His background as a leading technology analyst is ideal for forming insight on the future of the auto industry.”