26 June 2012
NEW YORK —Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced a range of senior leadership appointments together with 14 recent senior additions to its US equity sales and sales trading team in New York and Boston in an enhancement of its US institutional equities business. Joining Macquarie Securities Group, they have an average of more than 15 years’ experience drawn from highly regarded firms.
“These senior appointments provide additional experience and dimension to our leadership team. We continue to make a deliberate effort to recruit outstanding industry-recognized individuals with deep product and market experience. The collective expertise, top-tier client relationships and product knowledge of our new hires will better deliver Macquarie’s research content and trading capabilities to new and existing clients. They join a talented team of professionals and strengthen the overall reach and execution capability of our institutional equities business,” said Ken Savio, Senior Managing Director and US Head of Macquarie Securities.
Michael Cornette has been appointed Managing Director and Head of US Trading. With more than 20 years experience in equities trading, he joins from Bank of America Merrill Lynch. He was previously Co-Head of Cash Trading at Bear Stearns. Robert DeRosa joins as Managing Director and Co-Head of US Sales Trading. He was previously an executive director at JP Morgan and a managing director at Bear Stearns prior to it being acquired. He has also worked in sales trading at Oppenheimer and CIBC, and has more than 20 years of industry experience. Nicholas Struk joins as a Managing Director and Co-Head of US Sales Trading. He was previously an executive director at UBS. Prior to that, he was a senior managing director at Bear Stearns, holding senior equities sales trading roles at both firms.
These senior appointments will have management responsibility for Macquarie’s US sales trading and trading teams located in New York, Boston and San Francisco. Further appointments include:
US sales trading
US equity sales
Macquarie Securities Group has more than 300 sales professionals covering more than 3,000 clients globally. The firm has more than 350 equity research professionals covering approximately 2,250 stocks around the world.
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. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 14,200 people. Assets under management total approximately $339 billion at March 31, 2012. For more information, visit www.macquarie.com.
About Macquarie Securities Group
Macquarie Securities Group operates as a global institutional securities house covering sales, research, ECM, execution and derivatives activities, and offers full-service cash equities in Australia, Asia, South Africa and Canada with specialized offerings in the US and Europe. Macquarie Securities Group operates in the US as Macquarie Capital (USA) Inc., a member of FINRA and SIPC.
Corporate Communications, Macquarie Group
Tel: +1 212 231 1310