New York, 16 March 2009
Macquarie Group ("Macquarie") today announced that Robert D. Redmond will join Macquarie Capital Advisors in the United States as Vice Chairman, a key appointment in the continuing expansion of Macquarie's North American advisory and capital markets platform. Mr Redmond, who will be based in New York, brings a unique blend of corporate and industry relationships coupled with experience highly relevant to Macquarie's growing North American advisory and capital markets activities.
Mr Redmond has a distinguished reputation as an experienced senior advisor across multiple sectors. Prior to his role as Vice Chairman of Barclays Capital, Mr Redmond was a Vice Chairman of Lehman Brothers Holdings, Inc. and Chairman of the firm's Global Financial Sponsor coverage business. During his 14 years at Lehman, Mr Redmond advised on a number of significant transactions, including the IPO of The Blackstone Group, the buyouts of First Data Corp, Texas Utilities and Warner Music Group and the buyout, IPO and secondary offering of Hertz Corporation. In addition to his advisory roles, Mr Redmond founded Lehman's Financial Sponsors business and played a central role in building the firm's Industrials and Leveraged Finance businesses to leading positions in the US and in other markets around the world.
"Rob is a seasoned professional whose advice is sought after by clients and respected by those who work with him. His wealth of experience includes senior transactional expertise across a range of iconic deals and a record of success in launching, growing and running highly successful parts of Lehman's global investment banking platform," said Tim Bishop, President & CEO of Macquarie Capital (USA) Inc.
"Rob's experience matches Macquarie's unique platform – one that combines advisory, capital markets and restructuring services, together with a global equities platform and the ability to invest alongside our clients," he said.
"With his deep network of relationships with corporates, sponsors and the financial community, Rob will be instrumental in helping build Macquarie's US advisory, capital markets and third-party fund-raising businesses. Rob's reputation and seniority reflect Macquarie's larger ambitions to grow a leading North American advisory and capital markets franchise, one which mirrors our established Asia-Pacific presence," said Mr Bishop.
Mr Bishop added, "Macquarie has in the past used market downturns to expand and increase market share. Being well capitalized and profitable in the current environment has allowed us to accelerate our expansion efforts and build upon our strong base here in the US."
Before joining Lehman Brothers in 1994, Mr Redmond was a Managing Director at Kidder Peabody where he ran the firm's High Yield business. During his time at Lehman Brothers he held a range of senior positions including serving as a member of the firm's Management Committee and of the Executive Committee of the Investment Banking Division. Mr Redmond holds a BA in Economics from Lafayette College and an MBA from Cornell University.