Press Release

Macquarie names Thomas E. Hassen Chairman of Global Oil and Gas Banking

New York, 01 December 2010

Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced that Thomas E. Hassen will join as Chairman of Global Oil and Gas banking for Macquarie Capital. Mr. Hassen has over 30 years of experience in investment banking, specializing in the energy sector.

Previously, Mr. Hassen was Vice Chairman of the Global Industries Group and also a Senior Managing Director in the Global Energy Group at Bear Stearns. From 1998 to 2005 he was Co-Chairman and Co-Head of the Global Energy Group at Credit Suisse and, prior to that, spent 20 years at Morgan Stanley, where he was Managing Director and Co-Head of their Global Energy Group. Most recently he was Vice Chairman of Irving Place Capital, a New York-based private equity firm.

Throughout his career, Mr. Hassen has been involved in a range of landmark transactions in the oil and gas industry, covering many geographic areas including North America, Latin America, Africa and the Asia-Pacific region. Mr. Hassen will join the firm on December 1 and will be based in Macquarie’s New York office.

“We remain committed to significantly growing our business through strategic acquisitions and key senior hires,” said Tim Bishop, President and CEO of Macquarie Capital in the US. “With the addition of an experienced banker like Tom, we will be able to further expand our range of coverage and better anticipate and address the changing needs of our clients.”

Mr. Hassen’s appointment follows a number of recent management appointments in the Energy banking group at Macquarie Capital. Dan Cristall was recently named Global Head of Oil and Gas banking and Vice Chairman of Macquarie Capital Markets Canada, focusing on business development and strategy for the firm’s global oil and gas business. Additionally, David Vetters was named Head of Oil and Gas banking for Canada, focusing on the continued growth of Macquarie’s Canadian advisory and capital markets business.

“With world energy demand expected to grow by a third over the next 25 years, the energy sector is a key area of focus for us as we are well positioned in all geographies to work with clients who increasingly see the need to be truly global to be successful. We have a full range of product offerings, as well as the deep sector expertise to provide value-added advice and solutions to a wide range of energy sector companies,” added Mr. Cristall. “Tom’s breadth of experience and invaluable sector knowledge through a wide range of market conditions will be greatly complementary to the strong team we have built to date. We look forward to his contribution to our business.”

Macquarie’s global energy platform offers M&A and strategic advisory, equity and debt capital markets execution, sector-focused acquisition and divestiture advice, sales, trading and research as well as commodities trading and hedging. The energy group has over 180 professionals in 22 locations globally. Macquarie’s energy team has been bookrunner on more than $2 billion of transactions and advised on $34 billion of M&A transactions since 2008.


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