Macquarie strengthens South African capabilities with the three distinguished appointments

10 October 2012

Johannesburg - Macquarie today announced appointments in its Macquarie Securities and Macquarie Capital Divisions in South Africa, significantly strengthening capabilities and reflecting its ongoing commitment to the region.

Gerhard Engelbrecht joins Macquarie Securities as Oil & Gas and Platinum analyst, Richard Hart as gold analyst and Craig Tate has become Head of Capital Markets in the advisory business, Macquarie Capital. These key appointments reflect the continued development of Macquarie’s South African operations

“We are very pleased to welcome Craig, Gerhard and Richard to Macquarie. These appointments will build on Macquarie’s South African platform and enhance our senior representation and leadership across Sub Saharan Africa,” said Dr. Duarte da Silva, Chairman of Macquarie First South.

Craig Tate

Craig Tate has 14 years experience in Investment Banking, including roles as a #1 ranked analyst for ING Barings (SA), Head of Research for Investec Institutional Securities (SA) and as Joint Head of Investec Investment Bank (UK).

He assumes responsibility for all aspects of Equity Capital Markets, Corporate Broking and JSE Sponsor activities for Macquarie Capital’s Sub Saharan African business.

“With his long-standing experience in capital markets and credibility in the London and South African market, Craig is a fantastic addition to both our South African team and our global capital markets platform” said Sean Chilvers, Head of Macquarie Capital’s regional business.

Gerhard Engelbrecht

Gerhard takes up the role of Equity Analyst covering Oil & Gas and Platinum.

“We are delighted to be adding such a highly regarded expert to our Research platform”, said Sarah-Jane Wagg, Head of Cash Equities South Africa.

Gerhard has covered South African energy and basic materials shares since 1998, after starting his career with ING Barings analysing South African energy, chemicals oil and plastics companies, achieving top ratings. Following several years with Citi, Gerhard was most recently Director and Head of Research for Renaissance Capital (SA), where his team were ranked number one (sectors unweighted) for three consecutive years and he continued to cover Oil, Gas and Petrochemicals, maintaining his top rating for 12 years.

Richard Hart

Richard will join Gerhard in the Macquarie Research team as the Gold analyst, bringing a wealth of experience having started his career as an Equities Analyst with Oasis Group Holdings and most recently covered Metals & Mining for the HSBC Securities (SA).

“The commodity and resources sectors are important to Macquarie, both globally and locally. These hires reflect both the Group’s commitment to the sector and to insightful and in-depth research” said George Brits, the head of Research in the region.

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in Sydney Australia in 1969, Macquarie employs more than 14,200 people in 28 countries and has assets under management of USD339bn.

Macquarie has been active in South Africa for many years, and currently offers inter alia: full service institutional cash equities, corporate and project finance advisory, principal investments, equity capital markets, corporate broking and JSE sponsor services, derivatives, structured finance and infrastructure investment. These services are offered out of both Johannesburg and Cape Town with a team of more than 170 people.

For more information

Dr Duarte da Silva
Chairman, Macquarie First South Securities / Macquarie First South Capital
+2711 5832000

Karen Smith
Macquarie Corporate Communication
+44 203 037 2420