New York, 01 August 2011
Macquarie Group (Macquarie) (ASX: MQG; ADR: MQBKY) today announced that Michael McClintock will join Macquarie Capital as a Senior Managing Director in the Financial Institutions Group (FIG), where he will focus on coverage of banks and thrifts across the small and mid-cap space. His appointment commences September 1, 2011 and he will be based in Macquarie’s New York office.
Mr. McClintock has over 30 years of FIG corporate advisory experience, and joins from FBR Capital Markets where he served as Managing Director in their Financial Institutions Group since 2004. At FBR he focused primarily on small and mid-cap banks advising on capital raising and mergers and acquisitions with both public and private companies. Prior to FBR, he held a number of FIG-focused roles including Co-Head of the Financial Institutions Group at Advest, Inc. from 2002 to 2004, and Managing Director and Head of FIG at CIBC from 1991 to 2002.
“Mike’s track record in the industry is both proven and noteworthy,” said John Roddy, Macquarie’s Senior Managing Director and U.S. Head of FIG. “He brings with him well-established relationships and a deep understanding of financial institutions. His appointment adds significant depth to our existing banks and thrifts advisory practice, particularly his notable expertise in the FDIC-assisted transaction space and financial sponsor related situations. We look forward to having him join our U.S. team.”
Mr. McClintock received his M.B.A. from Harvard Business School and a B.A. from Dartmouth College.
In recent FIG transactions, Macquarie was a joint bookrunner on the $8.7 billion sale of a portion of the U.S. Government’s stake in AIG, financial advisor to The Doctor’s Company in their $362 million proposed acquisition of FPIC Insurance Group Inc., and a joint bookrunner on the $2.25 billion two-part senior notes offering for ILFC backing a tender offer of their existing notes.