Macquarie Group Limited (Asia)

  • Overview
Macquarie Group Limited (Asia) Company Profile

THE SCOOP

Born in '69 

Macquarie's origins date back to 1969, when three men founded Hill Samuel Australia bank in Sydney, a wholly owned subsidiary of U.K. merchant bank Hill Samuel & Co Ltd.  The bank grew quickly thanks to its expertise in a diverse range of financial services and products.  It wasn't until the 1980s, 15 years after Hill Samuel was first established in Australia, that the bank's directors decided to restructure their firm into an Australian trading bank; they received government approval to do so in February 1985.  At that time, they renamed the bank Macquarie after the popular early Aussie governor, Lachlan Macquarie (1761-1824), who is fondly remembered for figuring out how to solve the then looming problem of a currency shortage by purchasing Spanish silver dollars and punching out their centers to create two new coins, the Holey Dollar and the dump, ingeniously increasing their worth, while doubling the number of coins in circulation.  This prevented currency leaving the British colony.  Hill Samuel's directors chose the Holey Dollar as the logo to represent their new banking entity, as they regarded Governor Macquarie's ingenious creation of the Holey Dollar as the ultimate inspired solution to a difficult problem.

Lately, Macquarie has been beefing up its operations in America, increasing headcount and getting its hands on more and more deals in the U.S.  Most of the bank's business in the U.S. is carried out through its subsidiary, Macquarie Securities (USA) Inc.  Its business lines include commodity and energy markets, debt markets, electricity trading, emerging markets, energy capital, institutional stockbroking and research, natural gas trading, private equity funds management, real estate capital, real estate structured finance, residential community development and residential mortgages.

There's also Macquarie Capital Advisors, which handles mergers and acquisitions and restructuring advisory services in nine industry groups: infrastructure and utilities, natural resources, health care, security and defense, transportation, financial services, retail and consumer products, oil and gas and telecommunications, media, entertainment and technology (TMET).  In April 2007, Macquarie's restructuring and special services advisory arm got a boost from the acquisition of Giuliani Capital Advisors (yes, New York City mayor-turned-presidential hopeful Rudy Giuliani's firm).  GCA's specialty was advising distressed companies, and the deal added 100 investment banking professionals to Macquarie's North American headcount.

Finally, Macquarie Capital Funds manages listed and unlisted investment vehicles; Macquarie Electronics (USA) provides lease financing, used equipment sourcing and remarketing services to the electronics manufacturing industry; and Macquarie Equipment Finance provides IT finance, services and logistics.

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Macquarie Group Limited (Asia)


No. 1 Martin Place
Sydney NSW 2000
Phone: +61-2-8232-3333
Fax: +61-2-8232-7780
www.macquarie.com.au

STATS


  • Employer Type: Public
  • Stock Symbol: MQG
  • Stock Exchange: ASX
  • Managing Director & CEO: Nicholas Moore
  • 2010 Employees: 14,657

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