New York, 28 October 2011
Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) announced that Tim Bishop, currently US Head of Macquarie Capital, has been appointed as Global Head of Macquarie Capital in Sydney. As a result, the firm has made the following US leadership appointments:
These appointments, which take effect January 1, 2012, reflect the continued expansion of Macquarie's US business and leverage deep industry expertise relevant to Macquarie's growing advisory and markets activities.
Tim Bishop said: “Mike and Rob have been great partners to me. Since joining Macquarie, Mike has built the credit markets business into an outstanding platform for the firm. He has deep and significant experience in both the US and global markets. Mike’s energy, insight and expertise make him well suited for his new role.”
“Rob’s made invaluable contributions to our advisory business,” Mr. Bishop continued. “He has more than 30 years of experience and has truly helped shape the strategic approach of our franchise. Rob has deep client relationships, having advised on many marquee deals over the years, and he has really helped to develop our leadership team in a period of rapid growth.”
Tim Bishop joined Macquarie in 1999 following its acquisition of the Australian investment banking business of Bankers Trust. Prior to his role as President and CEO of Macquarie Capital (USA) Inc., he was Global Head of the Diversified Industries Group (2005 to 2009), Global Head of the Financial Institutions Group (2007 to 2008) and founder and Head of the Real Estate Industry Group (1999 to 2005). He serves on the global Macquarie Executive Committee.
Michael McLaughlin joined Macquarie in 2008 and established Macquarie’s US credit markets business, which currently operates in global markets for corporate and securitized debt with a focus on high yield bonds, distressed debt, syndicated bank loans and mortgage-backed securities, and provides clients with debt capital-raising and fixed-income sales and trading services. Prior to Macquarie, Mr. McLaughlin spent more than 14 years at Banc of America Securities where he held a range of senior roles, including Global Head of the Structured Securities Group in New York, and the EMEA Head of Asset Securitization and Investment Grade while on assignment in BofA’s London office.
Rob Redmond is currently Vice Chairman and Head of Corporate Finance of Macquarie Capital, having joined the firm in March 2009. Prior to his role as Vice Chairman of Barclays Capital, Mr. Redmond spent 14 years at Lehman Brothers where he held a number of senior roles, including Vice Chairman of Lehman Brothers Holdings, Inc. and Chairman of the firm's Global Financial Sponsor coverage business.