New York, 21 April 2010
Macquarie Group's ("Macquarie") (ASX: MQG; ADR: MQBKY) Energy Markets Division ("EMD") announced today that Robert Faitell will join as a Senior Managing Director and Head of Americas Sales and Origination in the firm's New York office, effective July 2010.
Mr. Faitell brings over 20 years of energy banking and commodities derivative experience to Macquarie. He will join Macquarie from Morgan Stanley’s Commodities Group, where he was most recently Managing Director and Head of Corporate Client Coverage for the Americas. Prior to joining Morgan Stanley in 1996, Mr. Faitell spent ten years at BNP Paribas where he held a number of roles, including positions in Project Finance, Leveraged Finance and Commodity Derivatives Sales.
"We are excited that Robert will be joining our Energy Markets Division. Robert's depth of experience in energy markets and strong client relationships will be invaluable to us as we look to further grow and expand our energy trading and client coverage activities in the Americas," said Nicholas O'Kane, Senior Managing Director and Global Head of Macquarie’s Energy Markets Division.
Established in 2002, Macquarie's global energy markets platform participates in the following core businesses: US physical and financial natural gas, global coal, global oil trading, US and European power and UK utilities. EMD provides structured finance, risk management and selected physical commodity solutions to a broad customer base.