New York, 12 May 2010
Macquarie Securities Group, the institutional equities arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced it has appointed Todd Steinberg as a Senior Managing Director and Global Head of Derivatives Delta One.
Based in New York, Mr. Steinberg will have management responsibility for all aspects of Macquarie’s equity derivatives and delta one/equity finance activities. He will lead a team of 250 employees in 11 offices including New York, London, Frankfurt, Cape Town, Sydney, Hong Kong, Singapore, Seoul and Mumbai.
Mr. Steinberg will report to Roy Laidlaw, Group Head of Macquarie Securities, and will serve as a member of the Senior Management Committee for Macquarie Securities. Mr. Steinberg joins Macquarie with over 17 years experience in equity derivatives, equity finance, cash equities and electronic trading. He was most recently Head of Equities and Commodity Derivatives – Americas at BNP Paribas where he also served on the Equity Executive Committee and the boards of BNP Paribas Securities and Prime Brokerage. Prior to that, he held senior equity positions at Wachovia Securities, UBS, and Bank of America.
Mr. Laidlaw said: “We are enthusiastic that Todd has joined us and brings with him a long record of success leading and growing equity linked businesses. Macquarie has been in the equity derivatives and delta one/equity finance businesses for more than 23 years and we’re confident that with Todd’s leadership we can develop even stronger offerings for our clients.”