Macquarie people are empowered to innovate and invest for a better future.
We bring specialist, global expertise in areas such as infrastructure, energy, technology and commodities. We focus on innovation, careful risk management and delivering sustained long-term value for our clients, partners, investors, staff and the broader communities in which we operate.
Macquarie has a non-hierarchical organisational structure, split into four operating groups. The Executive Committee manages the organisation as a whole and comprises the Chief Executive Officer, Chief Financial Officer, Chief Risk Officer, Chief Operating Officer, CEO of Macquarie Bank Limited and heads of Macquarie's operating groups.
Individual businesses operate within Macquarie's operating groups. These businesses work closely together, specialising in defined products or markets.
Within overall guidelines and a strong risk management framework, the operating groups have substantial discretion in the way they manage their business activities. Great emphasis is placed on a client's relationship with Macquarie as a whole.
Four service groups provide the framework, infrastructure and support that the operating groups require to manage their business. These are the Corporate Operations, Financial Management, Legal and Governance, and Risk Management Groups.
Corporate Operations Group comprises the following divisions:
Business Improvement and Strategy provides advice and expertise to Macquarie and its related entities. It helps them achieve growth and operational effectiveness, and facilitates Macquarie's annual corporate strategy process.
Business Services Division is responsible for the strategic direction, implementation and ongoing management of Macquarie's workplaces, business resilience and sourcing and vendor management.
Digital Transformation and Data partners with divisions and groups to deliver digital solutions whilst future skilling employees with capabilities such as data analytics, innovation and human-centred design.
Human Resources supports Macquarie's businesses by seeking to attract, recruit, reward and retain the best people. It provides global consulting and operational expertise across the organisation, aligned with business strategy.
The Macquarie Group Foundation is Macquarie’s chief philanthropic body. This team supports staff in their efforts to provide financial assistance, volunteering and skills sharing to not-for-profit organisations globally. Macquarie Sports, who promote participation in sport to over 6000 children each year and the Macquarie Group Collection, an art collection that reflects the Group’s identity also form part of the Macquarie Group Foundation.
Operations is responsible for delivering critical operational trade support services to a wide range of products and businesses and the operational support of our global workforce encompassing payroll, on-boarding, mobility and service desk.
Technology provides business-aligned account management, software development and manages Macquarie's enterprise-wide technology.
Risk Management Group (RMG), is an independent and centralised function responsible for independent and objective review and challenge, oversight, monitoring and reporting in relation to Macquarie’s material risks.
Credit Risk independently and objectively reviews and challenges, oversees, monitors and reports credit, equity and asset risk undertaken by Macquarie.
Market Risk quantifies and constrains Macquarie’s exposure to adverse movements in market rates and volatility. RMG Market Risk also oversees Macquarie’s funding requirements and liquidity risks.
Regulatory Affairs and Aggregate Risk seeks to ensure Macquarie’s compliance with prudential regulation, monitors aggregate risk across all risk types and provides model risk management and quantitative analysis.
Operational Risk and Governance establishes and provides oversight of key enterprise-wide risk management framework elements and the Operational Risk Management Framework, for the identification, assessment and management of the risks arising from failures of people, processes, systems and external events.
Compliance maintains a comprehensive compliance framework to enable our businesses to discharge their regulatory and compliance responsibilities.
Financial Crime Risk manages and oversees financial crime risk, engages with regulators and maintains and monitors the effectiveness of global financial crime risk frameworks, programs and policies for Macquarie.
Behavioural Risk develops and maintains frameworks for risk culture, conduct risk, environmental, social and work health and safety risk, and monitoring and reporting on the implementation of those frameworks across Macquarie.
Enterprise Support supports the effective and efficient operation of RMG by providing centralised services for strategy, data management, analytics, change and projects in RMG. RMG Enterprise Support also supports Group-wide risk training and risk surveillance.
Internal Audit provides independent and objective risk-based assurance on compliance with, and effectiveness of, Macquarie’s financial and risk management framework. The Head of Internal Audit has a functional reporting line to the Board Audit Committee and an operational reporting line to the Head of RMG for day-to-day management.
The Financial Management Group (FMG) is focused on managing Macquarie's funding and capital. It provides strategic capital, tax and financial analysis and advice to senior management to support the growth of Macquarie’s businesses around the world. It ensures Macquarie continues to meet its financial, regulatory and tax reporting compliance obligations in the jurisdictions in which Macquarie operates, and maintains relationships on behalf of the Group with a wide range of external stakeholders.
The Finance Division supports Macquarie's operating groups by providing financial management and control, regulatory reporting and business advisory services. In addition to centralised corporate functions such as Regulatory Reporting, Legal Entity Control and Tax Compliance, the division has dedicated business unit teams co-located with, and providing support to, each operating group. The Corporate Centre and Business Unit Finance teams are supported by Global Finance Services, which provides a cost effective and scalable operating model for the division's service delivery.
The Taxation Division provides taxation support to all areas of Macquarie, managing relationships with revenue authorities worldwide and ensuring compliance with taxation legislation.
Group Treasury is responsible for capital and funding, liquidity and interest rate risk management of Macquarie's balance sheet. It also manages Macquarie's liquid asset portfolio and is responsible for managing debt investor, rating agency and banking relationships.
Portfolio and Performance provides strategic analysis and advice to Macquarie's businesses and senior management. It supports operational and strategic decision making through performance reporting and forecasting, business advisory and corporate development to all areas of Macquarie.
Corporate Affairs actively engages with a wide range of stakeholders to improve their understanding of Macquarie and Macquarie’s understanding of their expectations. These stakeholders include governments, shareholders, investment analysts, media, staff and the wider community.
The FMG Central team supports all FMG functions globally and has responsibility for data and transformation, projects and change, FMG communications and learning and development. The Central team also implements Macquarie’s operational risk management framework.
Group Legal brings together lawyers from across Macquarie with a range of different disciplines and expertise, and reinforces the independent function of the legal role.
It provides the full range of legal services to Macquarie, from strategic legal advice on corporate transactions to legal risk assessment on a variety of issues. Its objectives are to:
Group Legal is led by an experienced team of practising lawyers. The Head of Group Legal, the General Counsel, is a member of Macquarie’s Operations Review Committee and reports directly to the Managing Director and Chief Executive Officer. The General Counsel has access to the Board and Board Committees. Each significant Macquarie business unit has a General Counsel who reports directly to the Group Legal General Counsel and to the relevant business unit head.
The Corporate Governance Division has responsibility for providing services to the Macquarie Group Board, the Board Committees and the Executive Committee, and administering Macquarie Group’s subsidiaries, ASX listing rule compliance, employee equity schemes, general and professional risk insurances and Group-wide corporate governance matters.