Press Release

Macquarie First South appoints Sarah-Jane Wagg Head of Cash Equities

Johannesburg, 01 June 2012

Macquarie First South today announces that Sarah-Jane Wagg has joined the business as Head of Cash Equities in South Africa.

Most recently Country Head and Head of Equities for UBS South Africa, Sarah-Jane has more than 25 years’ experience in equities broking and capital markets including numerous roles leading equities divisions and country offices in Asia and Australia for major global institutions.

A native South African, Sarah-Jane started her career advising institutional clients for James Capel in Hong Kong. After moving to Australia to run James Capel’s Euro-convertible bonds desk, she held roles leading Asian sales desks for Smith New Court, BZW and James Capel before moving to Indonesia with PT UBS where she was Head of Sales and led the Jakarta Office for ten years. Sarah-Jane returned to South Africa with UBS as Head of Equities and Country Head for UBS AG in January 2010.

“We are very pleased to welcome Sarah-Jane to lead our South African cash equities effort,” said Dr. Duarte da Silva, CEO of Macquarie First South. “She has a wonderful track-record of building and enhancing client relationships and for leading successful teams. Her deep understanding of the equities business and operating environment will support the ongoing growth of Macquarie First South in South Africa as well as internationally.”

In her new role Sarah-Jane assumes overall responsibility for the strategy and operations of Macquarie’ First South’s Cash Equities business. This includes Equities Research, Sales, Sales trading and the distribution aspects of equity capital markets mandates. Sean Chilvers continues to lead Macquarie First South’s corporate finance advisory activities.

“I am very excited to be invited to lead Macquarie First South’s Cash Equities business,” said Sarah-Jane. “I am attracted to the Company’s culture of innovation and impressed by the deep sector focus, quality and energy of the team. With a strong existing operation in South Africa and access to Macquarie’s global broking platform, the business has scope for development that will benefit our clients enormously. ”

Macquarie First South was established 2006 as a joint venture between Macquarie Group’s South African corporate finance advisory business and J&J Group’s First South Securities, a black empowerment business and one of South Africa’s leading broking houses.

“The addition of Sarah-Jane Wagg to Macquarie First South has further augmented the management team, giving the business additional capacity to grow both product and geographic representation,” said Jayendra Naidoo, co-founder and executive Chairman of the J&J group.

“Six years after the formation of Macquarie First South as the joint venture between J&J and Macquarie the relationship continues to grow. This appointment will further enhance Macquarie First South as the cornerstone of our regional financial services strategy,’

Sarah-Jane is based in Macquarie First South’s Johannesburg office.


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