Sydney, 14 September 2015
As part of its regular investor communications program, Macquarie Group (Macquarie) (ASX: MQG; ADR: MQBKY) will be presenting at the CLSA Investors' Forum in Hong Kong on 15 and 16 September 2015.
Contained within the presentation (see attached) is an update to the short term outlook statement that Macquarie provided at the Group’s Annual General Meeting on 23 July 2015.
Macquarie continues to expect the FY16 result to be up on FY15:
This short term outlook remains subject to a range of challenges including:
Over the medium term, Macquarie remains well positioned to deliver superior performance. The Group has deep expertise in major markets and we continue to build on our strength in diversity and adapt our portfolio mix to changing market conditions. We are seeing the ongoing benefits of continued cost initiatives, our balance sheet is strong and conservative, and we have a proven risk management framework and culture.