Letter sent to The Sydney Morning Herald regarding article on Macquarie Private Wealth, 4 August 2014

Sydney, 04 August 2014

The calculations regarding the expected cost to Macquarie Group of remediation for Macquarie Private Wealth clients in today’s Sydney Morning Herald (August 4, 2014) by Michael West are fanciful.

Macquarie understands, and is in compliance with its reporting and disclosure obligations.


Patrick Upfold
Chief Financial Officer
Macquarie Group Limited