Commodities and Global Markets
Providing clients with an integrated, end-to-end offering across global markets
Group's net profit contribution4
Half-year to 30 September 2018: 27 per cent
Full year to 31 March 2019: 25 per cent
Commodities and Global Markets provides clients with an integrated, end-to-end offering across global markets including equities, fixed income, foreign exchange and commodities.
The platform covers more than 25 markets and over 160 products, and has evolved over more than three decades to provide clients with access to markets, financing, financial hedging, research and market analysis, and physical execution.
Commodities and Global Markets (CGM) comprises eight divisions:
Cash Equities is a global institutional securities house with strong Asia-Pacific foundations. The division operates a global cash equities distribution platform which provides clients with access to research, sales, sales trading, corporate access and Equity Capital Markets, combined with a leading execution platform.
Commodity Markets and Finance
Commodity Markets and Finance provides a full spectrum offering to clients with exposure to commodity markets. The division provides risk management, lending and financing, and physical execution and logistics services across the energy, metals and agricultural sectors globally. The division also offers commodity-based index products to institutional investors.
Credit Markets operates in the United States and provides asset backed financing solutions for credit originators and credit investors across commercial and residential mortgages, consumer loans, syndicated corporate loans and middle market corporate loans.
Equity Derivatives and Trading
Equity Derivatives and Trading issues retail derivatives in key locations, and provides delta 1 products, derivative and equity finance solutions to its institutional client base, and conducts risk and market making activities.
Fixed Income and Currencies
Fixed Income and Currencies provides currencies and fixed income trading and hedging services to a range of corporate and institutional clients globally.
Futures provides a full range of execution, clearing and financing solutions to corporate and institutional clients, providing continuous 24-hour coverage of all major markets globally. The division has specialist expertise in energy, freight, grains and soft commodities as well as a market leading position in Australian interest rate products.
Specialised and Asset Finance
Specialised and Asset Finance is a global provider of specialist finance and asset management solutions across: Technology, Media & Telecoms (TMT); Energy, Renewables & Sustainability; Fund Finance; Resources; Structured Lending; and Shipping & Export Credit Agencies.
Central fosters and develops various non-division specific, early stage or cross-divisional initiatives, as well as housing various CGM-wide services including cross-product sales and structured global markets.
1 As at 1 September 2019 and includes certain staff employed in operationally segregated subsidiaries.
2 Includes New Zealand.
3 Includes Europe, Middle East and South Africa.
4 Net profit contribution is management accounting profit before unallocated corporate costs, profit share and income tax. Numbers do not include results from CAF Asset Finance which transferred into CGM on 1 September 2019 as Specialisted and Asset Finance.