About

Company

Discover the Macquarie difference

Macquarie people are empowered to address unmet need in our communities, advising and investing alongside clients and partners.

We bring specialist, global expertise in areas such as infrastructure, energy, technology and commodities. We focus on innovation, careful risk management and delivering sustained long-term value for our clients, partners, investors, staff and the broader communities in which we operate.

Organisation structure

Macquarie has a non-hierarchical organisational structure, split into four operating groups. The Executive Committee manages the organisation as a whole and comprises the Chief Executive Officer, Chief Financial Officer, Chief Risk Officer, Chief Operating Officer, CEO of Macquarie Bank Limited and heads of Macquarie's operating groups.

Individual businesses operate within Macquarie's operating groups. These businesses work closely together, specialising in defined products or markets.

Within overall guidelines and a strong risk management framework, the operating groups have substantial discretion in the way they manage their business activities. Great emphasis is placed on a client's relationship with Macquarie as a whole.

Four service groups provide the framework, infrastructure and support that the operating groups require to manage their business. These are the Corporate Operations, Financial Management, Legal and Governance, and Risk Management Groups.

Support groups

Corporate Operations Group comprises the following divisions:

Business Improvement and Strategy provides advice and expertise to Macquarie and its related entities. It helps them achieve growth and operational effectiveness, and facilitates Macquarie's annual corporate strategy process.

Business Services Division is responsible for the strategic direction, implementation and ongoing management of Macquarie's workplaces, business resilience and sourcing and vendor management.

Digital Transformation and Data is responsible for Macquarie’s data and regulatory reporting strategy. The team delivers digital transformation and innovation.

Human Resources supports Macquarie's businesses by seeking to attract, recruit, reward and retain the best people. It provides global consulting and operational expertise across the organisation, aligned with business strategy.

The Macquarie Group Foundation is Macquarie’s chief philanthropic body. This team supports staff in their efforts to provide financial assistance, volunteering and skills sharing to not-for-profit organisations globally. Macquarie Sports, who promote participation in sport to over 6000 children each year and the Macquarie Group Collection, an art collection that reflects the Group’s identity also form part of the Macquarie Group Foundation.

Market Operations is a segregated operations and control function. It also provides independent middle and back office transaction support to Macquarie’s capital markets businesses and services across the Group.

Technology provides business-aligned account management, software development and manages Macquarie's enterprise-wide technology.

Risk Management Group (RMG), is an independent and centralised function responsible for independent and objective review and challenge, oversight, monitoring and reporting in relation to Macquarie’s material risks. 

Credit Risk assesses, approves and monitors all material credit and equity risk undertaken by Macquarie.

Regulatory Affairs and Aggregate Risk monitors and seeks to ensure ongoing compliance with prudential regulation and provides oversight for regulatory affairs. The group monitor aggregate risk across all risk types.

Market Risk quantifies and constrains Macquarie’s exposure to adverse movements in market rates and volatility.

Quantitative Applications Division (QAD) manages model risk in Macquarie's models used for derivative pricing, capital calculation and credit provisioning.

Operational Risk applies the operational risk management framework to identify, assess and manage the risks arising from failures of people, processes, systems and external events.

Compliance enables business management to fulfil their supervisory responsibilities by establishing an effective and robust compliance framework.

Behavioural Risk provides expertise and oversight on risk culture and conduct risk, environmental and social risk, and work health and safety.

Financial Crime Risk develops and maintains the Anti-Money Laundering, Sanctions and Anti-Bribery and Corruption control framework and provides expertise on these risks.

Enterprise Support drives and supports the strategy and the effective and efficient operation of RMG.

Internal Audit provides independent and objective risk-based assurance on compliance with, and effectiveness of Macquarie’s financial and risk management framework. The Head of Internal Audit has a management reporting line to the Board Audit Committee and an operational reporting line to the Head of RMG for day-to-day management.

The Financial Management Group (FMG) is focused on managing Macquarie's funding and capital. It provides strategic capital, tax and financial analysis and advice to senior management to support the growth of Macquarie’s businesses around the world. It ensures Macquarie continues to meet its financial, regulatory and tax reporting compliance obligations in the jurisdictions in which Macquarie operates, and maintains relationships on behalf of the Group with a wide range of external stakeholders.

The Finance Division supports Macquarie's operating groups by providing financial management and control, regulatory reporting and business advisory services. In addition to centralised corporate functions such as Regulatory Reporting, Legal Entity Control and Tax Compliance, the division has dedicated business unit teams co-located with, and providing support to, each operating group. The Corporate Centre and Business Unit Finance teams are supported by Global Finance Services, which provides a cost effective and scalable operating model for the division's service delivery.

The Taxation Division provides taxation support to all areas of Macquarie, managing relationships with revenue authorities worldwide and ensuring compliance with taxation legislation.

Group Treasury is responsible for capital and funding, liquidity and interest rate risk management of Macquarie's balance sheet. It also manages Macquarie's liquid asset portfolio and is responsible for managing debt investor, rating agency and banking relationships.

Portfolio and Performance provides strategic analysis and advice to Macquarie's businesses and senior management. It supports operational and strategic decision making through performance reporting and forecasting, business advisory and corporate development to all areas of Macquarie.

Corporate Affairs actively engages with a wide range of stakeholders to improve their understanding of Macquarie and Macquarie’s understanding of their expectations. These stakeholders include governments, shareholders, investment analysts, media, staff and the wider community.

The FMG Central team supports all FMG functions globally and has responsibility for data and transformation, projects and change, FMG communications and learning and development. The Central team also implements Macquarie’s operational risk management framework.

Group Legal brings together lawyers from across Macquarie with a range of different disciplines and expertise, and reinforces the independent function of the legal role.

It provides the full range of legal services to Macquarie, from strategic legal advice on corporate transactions to legal risk assessment on a variety of issues. Its objectives are to:

  • ensure all transactions are able to be enforced by Macquarie as expected
  • enable individual Macquarie businesses to understand the legal and regulatory framework and operate accordingly
  • assess dispute resolution proceedings and threatened actions and, as far as reasonably practical, minimise or mitigate associated risks
  • advise on new products and business structures and combinations
  • protect and appropriately enforce Macquarie's legal, commercial and reputational interests and rights.

Group Legal is led by an experienced team of practising lawyers. The Head of Group Legal, the General Counsel, is a member of Macquarie’s Operations Review Committee and reports directly to the Managing Director and Chief Executive Officer. The General Counsel has access to the Board and Board Committees. Each significant Macquarie business unit has a General Counsel who reports directly to the Group Legal General Counsel and to the relevant business unit head.

The Corporate Governance Division has responsibility for providing services to the Macquarie Group Board, the Board Committees and the Executive Committee, and administering Macquarie Group’s subsidiaries, ASX listing rule compliance, employee equity schemes, general and professional risk insurances and Group-wide corporate governance matters.

The holey dollar: a symbol of innovation

The global symbol of Macquarie Group, the holey dollar was Australia’s first official currency and earliest example of financial innovation.

In 1813, Australia’s most successful early leader, Governor Lachlan Macquarie, addressed a severe currency shortage by importing 40,000 Spanish silver dollars and punching a hole through the centre of them to create two unique coins.

The currency stimulated the economy while retaining its intrinsic value, with the two new coins – the holey dollar and the dump – worth 25 per cent more than the original. Two centuries later, Australia has evolved into one of the world’s major financial centres.

Adopting the holey dollar as its symbol, along with the name of its creator, Macquarie Group embodies its pursuit of practical approaches with profitable outcomes.

More than two hundred years since its creation, the holey dollar remains a relevant symbol of financial innovation and, within the Macquarie business, inspires our best efforts to deliver new ideas and products for our clients.