Press Release

Macquarie appoints Marcus Garvey as Head of Metals and Bulks Commodity Strategy

London, 19 October 2020

Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced the appointment of Marcus Garvey as Head of Metals and Bulks Commodity Strategy.

Mr. Garvey will be based in London, where he will lead the specialist team of six metals and bulks commodity strategists based around the world. Mr. Garvey will report to Macquarie Group’s Chief Economist and Head of Macro Strategy, Ric Deverell in Sydney.

Prior to joining Macquarie’s Commodities and Global Markets group in 2019,
Mr. Garvey built-up extensive experience across both the buy and sell side, since beginning his commodities career at Credit Suisse. Most recently, he was a senior commodity strategist at ICBC Standard Bank and previously worked with the commodity hedge fund, Duet.

Mr. Garvey holds a master’s degree in Chinese studies, specialising in Chinese political economy, from Oxford University and a first-class economics degree from Durham University. 

Ric Deverell, Chief Economist and Head of Macro Strategy at Macquarie said: “Commodities have been a core business for Macquarie for almost 40 years and given the unprecedented impact of the COVID-19 pandemic on markets globally, we are seeing continued demand for the services of our world class commodity strategists.  Marcus is an established member of the team, with a wealth of industry expertise and I look forward to working with him in this new capacity.”

Marcus Garvey commented: “Macquarie has a longstanding track-record in the metals markets, and our global presence means that the team is able to offer unique insights. There are currently many opportunities in the metals and bulks markets, and I look forward to continuing to support our clients in navigating this uncertain environment.”

Macquarie commodities strategy team provides market-leading expertise and timely insights into the events and trends that drive companies, industries, and markets. The team seamlessly combines top-down macro views with strong industry knowledge to generate unique, client-friendly perspectives across all major commodities markets globally.

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