11 March 2011
LONDON – Macquarie Group Limited (Macquarie) today announces the appointment of David Fass as Chief Executive Officer of Macquarie’s operations in Europe, the Middle East and Africa (EMEA).
David is a 25 year veteran of the financial services industry and joins Macquarie after 10 years with Deutsche Bank in London where, serving in roles including European Head of Deutsche Bank’s Global Banking Division, he was credited with the successful expansion and integration of Deutsche Bank’s corporate finance and commercial banking operations in the region.
“We are very pleased to welcome David to Macquarie. He has a distinguished track record of leadership, and of building enduring businesses and client relationships,” said Nicholas Moore, CEO of Macquarie Group Limited. “Macquarie’s EMEA operations have evolved enormously over the past couple of years, through organic growth and acquisition. Integrated under his leadership, Macquarie’s EMEA businesses will ensure our clients receive the maximum benefit from the full variety of Macquarie’s services.”
“I am honoured to have been invited by the Board to lead Macquarie’s EMEA business,” said Mr Fass. “I am immensely impressed with the deep pool of talent, enormous energy and focus within Macquarie. I look forward to working with the team to put Macquarie’s impressive intellectual and financial resources to full effect, to create new opportunities for Macquarie’s clients and its people. There is a real commitment to grow the business in the region, and I am personally committed to building on the strong foundations in place.”
David’s appointment coincides with Macquarie’s London-based teams co-locating to a state-of the art, integrated space in its new London headquarters at Ropemaker Place. This follows the co-location of 200 people in Macquarie’s businesses in Frankfurt in December 2010, finalising the integration of the Sal. Oppenheim derivatives and cash equities businesses.
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For further information, please contact:
Corporate Communications and Investor Relations Division
Macquarie Group Limited
Direct line: +44 (0)20 3037 2420; Mobile: +44 (0)79 1708 1541
About David Fass
David Fass has a BA in Economics from the University of Michigan, and an MBA from the Stern School of Business at New York University. He joins Macquarie after 10 years with Deutsche Bank in London where he has held a variety of senior management and client facing positions. David has served as European Head of Deutsche Bank’s Global Banking Division and was a member of the Global Banking Executive Committee. During that time, David successfully led the build-out and expansion of Deutsche Bank’s European corporate finance business. He joined Deutsche Bank in 2000 as Global Co-Head of Leveraged Debt Capital Markets and Financial Sponsor Coverage, turning the business into a global leader in these areas. Concurrent with his other roles, David was also Global Head of Project Finance.
Prior to his arrival at Deutsche Bank, David worked for seven years with Chase Manhattan Bank in New York in leveraged finance and high yield capital markets before moving to London in early 2000 to become Co-head of European Media and Telecoms Investment Banking. David began his career at Paine Webber (now UBS) in New York, initially as an over-the-counter equities trader before going into the Private Placements Group where he focussed on origination, structuring and distribution of mezzanine debt and high yield bond issues.
David is 48 years old and married with three children. He is an accomplished endurance athlete and keen ocean racer. David is also active in several philanthropic endeavours. He will join Macquarie in June.
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services acting on behalf of institutional, corporate and retail clients and counterparties around the world.
Founded in 1969, Macquarie operates through more than 70 office locations in 28 countries. Macquarie employs more than 15,500 people, has assets under management of €225bn* and is a top ten global equities research house.
Macquarie in EMEA
Macquarie's European presence was established in London and Munich in 1989. Today our EMEA operations span the full breadth of Macquarie’s corporate service offering, with more than 1,550 people working from 18 offices in 13 countries across the region. This growth reflects Macquarie’s philosophy to expand selectively, focusing on specialist areas where we bring deep expertise to clients. Organic growth, selective acquisition and key senior hires have supported the strong development of Macquarie's EMEA platform, which provides products and services for a diverse client base, including:
In Russia, UAE and South Africa, we operate joint venture arrangements which enable us to combine our technical expertise and specialist skills with the market presence and knowledge of leading local players.
* at 30 September 2010