Overview

Macquarie Capital Appoints Robert Redmond as Vice Chairman

16 March 2009

NEW YORK — Macquarie Group ("Macquarie") today announced that Robert D. Redmond will join Macquarie Capital Advisors in the United States as Vice Chairman, a key appointment in the continuing expansion of Macquarie's North American advisory and capital markets platform. Mr Redmond, who will be based in New York, brings a unique blend of corporate and industry relationships coupled with experience highly relevant to Macquarie's growing North American advisory and capital markets activities.

Mr Redmond has a distinguished reputation as an experienced senior advisor across multiple sectors. Prior to his role as Vice Chairman of Barclays Capital, Mr Redmond was a Vice Chairman of Lehman Brothers Holdings, Inc. and Chairman of the firm's Global Financial Sponsor coverage business. During his 14 years at Lehman, Mr Redmond advised on a number of significant transactions, including the IPO of The Blackstone Group, the buyouts of First Data Corp, Texas Utilities and Warner Music Group and the buyout, IPO and secondary offering of Hertz Corporation. In addition to his advisory roles, Mr Redmond founded Lehman's Financial Sponsors business and played a central role in building the firm's Industrials and Leveraged Finance businesses to leading positions in the US and in other markets around the world.

"Rob is a seasoned professional whose advice is sought after by clients and respected by those who work with him. His wealth of experience includes senior transactional expertise across a range of iconic deals and a record of success in launching, growing and running highly successful parts of Lehman's global investment banking platform," said Tim Bishop, President & CEO of Macquarie Capital (USA) Inc.

"Rob's experience matches Macquarie's unique platform – one that combines advisory, capital markets and restructuring services, together with a global equities platform and the ability to invest alongside our clients," he said.

"With his deep network of relationships with corporates, sponsors and the financial community, Rob will be instrumental in helping build Macquarie's US advisory, capital markets and third-party fund-raising businesses. Rob's reputation and seniority reflect Macquarie's larger ambitions to grow a leading North American advisory and capital markets franchise, one which mirrors our established Asia-Pacific presence," said Mr Bishop.

Mr Bishop added, "Macquarie has in the past used market downturns to expand and increase market share. Being well capitalized and profitable in the current environment has allowed us to accelerate our expansion efforts and build upon our strong base here in the US."

Before joining Lehman Brothers in 1994, Mr Redmond was a Managing Director at Kidder Peabody where he ran the firm's High Yield business. During his time at Lehman Brothers he held a range of senior positions including serving as a member of the firm's Management Committee and of the Executive Committee of the Investment Banking Division. Mr Redmond holds a BA in Economics from Lafayette College and an MBA from Cornell University.

About Macquarie Capital
Macquarie Capital comprises Macquarie Group's corporate advisory, capital markets, underwriting, wholesale structuring, specialist funds (including infrastructure and real estate funds) and private equity capabilities.

With offices in North America, Asia, Europe, Australia, New Zealand, South Africa and the Middle East, Macquarie Capital provides a depth of services including specialist capabilities in mergers and acquisitions, takeovers and corporate restructuring advice, equity and debt capital markets, specialized funds management, private equity placements and principal products.

Macquarie has had a growing presence in North America since opening its first permanent office in New York in 1994. Macquarie Capital has offices in New York, Chicago, Los Angeles, Atlanta, Troy, Toronto, Vancouver, Calgary and Montreal. In the United States, Macquarie Capital Advisors operates through Macquarie Capital (USA) Inc., a member of the Securities Investor Protection Corporation.

About Macquarie
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Macquarie Group Limited is listed in Australia (ASX:MQG) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorized deposit taker.

Founded in 1969, Macquarie operates in more than 27 countries and employs approximately 12,800 people. Assets under management total more than $US171 billion (as of December 31, 2008).