Press Release
New York, 26 June 2012
Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced a range of senior leadership appointments together with 14 recent senior additions to its US equity sales and sales trading team in New York and Boston in an enhancement of its US institutional equities business. Joining Macquarie Securities Group, they have an average of more than 15 years’ experience drawn from highly regarded firms.
“These senior appointments provide additional experience and dimension to our leadership team. We continue to make a deliberate effort to recruit outstanding industry-recognized individuals with deep product and market experience. The collective expertise, top-tier client relationships and product knowledge of our new hires will better deliver Macquarie’s research content and trading capabilities to new and existing clients. They join a talented team of professionals and strengthen the overall reach and execution capability of our institutional equities business,” said Ken Savio, Senior Managing Director and US Head of Macquarie Securities.
Michael Cornette has been appointed Managing Director and Head of US Trading. With more than 20 years experience in equities trading, he joins from Bank of America Merrill Lynch. He was previously Co-Head of Cash Trading at Bear Stearns. Robert DeRosa joins as Managing Director and Co-Head of US Sales Trading. He was previously an executive director at JP Morgan and a managing director at Bear Stearns prior to it being acquired. He has also worked in sales trading at Oppenheimer and CIBC, and has more than 20 years of industry experience. Nicholas Struk joins as a Managing Director and Co-Head of US Sales Trading. He was previously an executive director at UBS. Prior to that, he was a senior managing director at Bear Stearns, holding senior equities sales trading roles at both firms.
These senior appointments will have management responsibility for Macquarie’s US sales trading and trading teams located in New York, Boston and San Francisco. Further appointments include:
Macquarie Securities Group has more than 300 sales professionals covering more than 3,000 clients globally. The firm has more than 350 equity research professionals covering approximately 2,250 stocks around the world.
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