23 September 2013
As part of its regular investor communications program, Macquarie Group (Macquarie) (ASX: MQG; ADR: MQBKY) will be presenting at the CLSA Investors Forum on 24 and 25 September 2013.
Contained within the presentation (see attached) is an update to the short term outlook statement that Macquarie provided at the Group’s Annual General Meeting on 25 July 2013. Notably:
The FY14 result also remains subject to a range of other challenges including:
- the cost of our continued conservative approach to funding and capital;
- regulation, including the potential for regulatory changes;
- increased competition in some markets; and
- the overall cost of funding
Over the medium term, Macquarie remains well positioned to deliver superior performance. The Group has deep expertise in major markets and we continue to build on our strength in diversity and adapt our portfolio mix to changing market conditions. We are seeing the ongoing benefits of continued cost initiatives, our balance sheet is strong and conservative, and we have a proven risk management framework and culture.
Macquarie Group Investor Relations
+61 2 8232 3548
Macquarie Group Corporate Communications
+61 2 8232 6016