Press Release

Macquarie Securities appoints Duncan Farr as Head of Financial Institutions Sales Europe

London, 21 October 2013

Macquarie Securities, the institutional equities arm of Macquarie Group, today announced the appointment of Duncan Farr as Head of Financial Institutions Sales Europe.

Mr Farr joins Macquarie from Nomura where he was the industry sector head for European Banks for five years. Prior to Nomura Mr Farr has worked at Lehman Brothers, Societe Generale and Morgan Stanley.

Based in London and reporting to Sam Bygott-Webb, Head of European Equity Sales, Mr Farr will lead the dedicated European financial institutions sales desk working closely with teams in Asia and the US to offer clients a global perspective on the sector. Mr Farr will also work alongside Ed Firth, Head of European Financials Research to continue enhancing Macquarie’s market leading financials sector research products.

Julian Wentzel, Head of Cash Equities in Europe said: "Macquarie is delighted to have Duncan join our team. With a career spanning 17 years, Duncan is a leader in his field and is highly regarded by both corporate and institutional investors.”

“With Eurozone tail risks fading, and Europe's economy steadily normalising, the outlook for the financial institutions sector is brightening. As the largest major sector in Europe this is an area where we see excellent opportunities and Duncan’s extensive expertise will provide clients with a top-tier perspective on individual stocks and industry trends.”

Macquarie European financial research team produces research in banks, insurance and diversified financials. Globally coordinated with research counterparts in US and the Asia-Pacific region, the firm’s worldwide sector coverage now encompasses 32 analysts across more than 380 financial institution stocks, providing comprehensive sector and stock-specific research to the firm’s clients.

Mr Farr is a trained Chartered Accountant and studied Economics with Accounting at the University of Edinburgh.


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