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Macquarie Appoints Dipesh Patel Head of Cash Equities Europe

London, 26 September 2014

Macquarie today announces that Dipesh Patel has been appointed as Head of Cash Equities Europe. Based in London, Dipesh joins Macquarie from Espirito Santo Investment Bank, where he was Head of Equities EMEA.

Dipesh brings over 20 years of experience in financial services, with 15 of those in European Equities, including senior roles at Execution Noble, Merrill Lynch and Dresdner Kleinwort Benson.  Dipesh will assume full responsibility for management, operational development, strategy and effectiveness of Macquarie Securities Group in Europe, working closely with colleagues globally and other Macquarie divisions.

Mark Duncan, Global Head of Cash Equities, Macquarie Group comments, “Dipesh brings deep experience of the European equities product, extensive market knowledge and commerciality at a point when markets are evolving and adjusting to new client needs, structures and priorities.”

Macquarie Securities Group will continue to reinforce its position as a global institutional securities house covering sales, research, ECM, execution and derivatives, and sector specialisations in infrastructure and utilities, TMET, resources (mining and energy), industrials and financial institutions. We will also seek to strengthen our services in electronic trading, improve efficiency in execution, and deliver value added insight to our investor clients.

David Fass, CEO EMEA, Macquarie Group adds, “I’m looking forward to working with Dipesh to enhance and expand our institutional equity business across the region, as part of our overall plan to expand our platform across key products and sectors.”

After three years as Head of European Cash Equities and nine years at Macquarie, Julian Wentzel will transition out of his role for personal reasons; however will continue to be involved in a number of key client transactions over the coming months.

David Fass comments: “I would like to thank Julian for his significant contribution to the development of our equities business over the last three years, building up our research capabilities and expanding our reach to institutional and hedge fund investor clients. I wish him all the very best.”

Dipesh will be joining Macquarie on 1st December and his appointment is subject to regulatory approval by the FCA. He will report to David Fass and Mark Duncan and will join the European Management Committee.