Macquarie completes acquisition of Fox-Pitt Kelton Cochran Caronia Waller

01 December 2009

NEW YORK — Macquarie Group (“Macquarie”) today announced the financial close of its acquisition of Fox-Pitt Kelton Cochran Caronia Waller (“FPK”), effective November 30, 2009. The business and employees of FPK are now integrated into Macquarie, operating as part of Macquarie’s global securities, research, advisory and capital markets businesses.

The acquisition enhances Macquarie’s global financial institutions (FIG) specialist group and boosts Macquarie’s relevance to financial institutions and corporates around the world, adding deep sector expertise in North America and Europe to complement Macquarie’s well-established FIG position in the Asia-Pacific region.

Roy Laidlaw, Global Head of Macquarie Securities Group, said: “The highly regarded FPK team now forms a key part of Macquarie’s client offering to financial institutions. It continues our build out of global sector specialization to include FIG, one of the largest sectors, to our existing specialist sectoral approach in resources and commodities, property, infrastructure, energy and quant.”

“The acquisition increases the access and reach of our equity offering to institutional clients, growing our FIG research to approximately 765 stocks globally. It brings our total research coverage to approximately 2,300 stocks globally.

Tim Bishop, President & CEO of Macquarie Capital (USA) Inc., said: “Macquarie’s global presence and capital strength are key features that financial institution clients recognize and value. Supporting FPK’s sector specialization with greater research, capital markets, advisory and restructuring capabilities allows us to provide even more value to clients.”

As foreshadowed when the acquisition was announced, George Cochran and Len Caronia join Macquarie as Chairmen of Macquarie Capital’s global FIG advisory business and John Waller joins as co-Head of Macquarie Capital’s global FIG advisory business alongside Macquarie Executive Director, Andrew Low.

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. Macquarie’s activities are also subject to scrutiny by other regulatory agencies around the world.

Founded in 1969, Macquarie operates in more than 28 countries and employs approximately 12,700 people. Assets under management total more than US$190 (£114) billion (as of September 30, 2009).

For further information, please contact:

Stephen Yan
Corporate Communications
Macquarie Group
Tel: 1 212 231 1310
Email: stephen.yan@macquarie.com