Overview

HRH The Duke of York opens new chapter in Macquarie’s future

02 March 2010

Macquarie’s new premises in St Thomas Street, Bristol, were officially opened today by His Royal Highness The Duke of York, in his capacity as the UK's Special Representative for International Trade and Investment.

The St Thomas Street building in Bristol, known as The Core, has become the new headquarters of Macquarie’s retail operations in the UK. Bristol was chosen due to the South West’s expanding retail financial services infrastructure, access to its growing professional financial planning community and the ability to attract and retain quality staff.

Peter Maher, Group Head of Macquarie Banking and Financial Services said: “We are delighted that The Duke of York was able to open our state of-the-art new office. By opening the headquarters of our Banking and Financial Services business in Bristol, we demonstrate our continued commitment to the UK.

“Our new premises provide us with space to expand as our business develops and it gives our staff the working environment that is necessary for us to capitalise on the new opportunities in financial services.”

Jason Huddy, Head of Macquarie Banking and Financial Services Group in the UK, said it had already established a number of businesses in the UK and aimed to continue to expand its presence both geographically and also by providing its award winning service to its United Kingdom clients.

“We aim to become an employer of choice in the UK by partnering with local businesses, as well as providing quality financial services to clients throughout the UK,” said Mr Huddy.

Peter Maher said: “Macquarie, as a global organisation, continues to embrace sustainability, not only in the design and construction of its workplaces, but also in its work practices.

“This new workplace being opened by His Royal Highness, will achieve a significant reduction in storage capacity and reduced power utilisation and has already witnessed a dramatic reduction in paper usage. Not only is this environmentally friendly but it also makes good business sense.”

Further details of the new office are available from the Macquarie Group Corporate Communications team.

About Macquarie Banking and Financial Services Group

The Macquarie Banking and Financial Services Group is the primary relationship manager for Macquarie Group’s (Macquarie) retail client base, providing a diverse range of products and services to personal investors, financial planners and other professional service providers. Amongst the services provided by Macquarie is one of the most successful Wrap Account offerings in Australia, which serves over 70,000 clients on behalf of over 2,500 financial planners. Macquarie rolled-out its Wrap Account to planners in the UK in March this year and is currently focussed on growing this platform and developing additional offerings in support of planners’ service to clients. The Macquarie Banking and Financial Services Group has approximately 3,000 employees with operations in Australia, New Zealand, Asia, North America, India as well as the UK and Europe.

About Macquarie

Macquarie is a global provider of banking, financial, advisory, investment and funds management services and acts on behalf of institutional, corporate and retail clients and counterparties around the world.

Macquarie Group Limited is listed in Australia and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker. Macquarie also owns a bank in the UK, Macquarie Bank International, which is regulated by the FSA. Macquarie's activities are subject to regulation by over 100 agencies around the world. Macquarie’s approach to risk management is long-standing. Strong risk management practices are embedded in business unit management with central oversight of credit, market, funding, compliance and operational risk. These, together with committed, quality staff, are key drivers of Macquarie’s success.

Founded in 1969, Macquarie operates in more than 70 office locations in 26 countries and employs approximately 14,400 people and has assets under management of more than £189 billion (as of 31 December, 2009). Macquarie’s Europe, Middle East and Africa (EMEA) operations, headquartered in the UK, were established in London and Munich in 1989 and now extend to more than 1450 people in 17 offices across 12 countries.

For further information, please contact:

Louise Dolan/ Daisy Hall
Financial Dynamics
Phone: 020 7269 7192/ 020 7269 7226
Mobile: 07884 238 344/ 07950 222 933