| Revision as of 09:49, 3 February 2010 editLUUSAP (talk | contribs)1,101 edits Huh, this may be the wrong MacQuarie group...← Previous edit | Revision as of 20:06, 5 February 2010 edit undo129.130.32.229 (talk) Davidd Kiely, a Macquarie employee, was caught doing something racy on the air. There was a lot of media fallout. He kept his job, and the model in those photos now supports him.Next edit → | ||
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| Macquarie manages a number of listed and unlisted investment funds which contributed approximately 12 per cent of Macquarie’s total underlying operating income for the half year ended 30 September 2009. The funds own assets that deliver services including transport, roads, airports and utilities. | Macquarie manages a number of listed and unlisted investment funds which contributed approximately 12 per cent of Macquarie’s total underlying operating income for the half year ended 30 September 2009. The funds own assets that deliver services including transport, roads, airports and utilities. | ||
| ===Macquarie Group employee caught viewing racy images on the air=== | |||
| Shortly before 2-2-2010, David Kiely, a Macquarie group employee behind a Seven News reporter in the newsroom was caught looking at racy photos of a ] model, while on the air. | |||
| Fortunately, David was allowed to keep his job. | |||
| Moreover, the model in those photos has offered and expressed support for the embattled employee. | |||
| ==Global reach== | ==Global reach== | ||
Revision as of 20:06, 5 February 2010
| Company type | Public (ASX: MQG) |
|---|---|
| Industry | Diversified Financials |
| Founded | Sydney, Australia (1970) |
| Headquarters |  Sydney, Australia |
| Key people | David S. Clarke, Chairman Nicholas W. Moore, CEO |
| Products | Financial Services |
| Net income | AUD 871 million (2009) |
| Total assets | AUD 243 billion (2009) |
| Number of employees | 12700 (2009) |
| Website | www.macquarie.com.au |
Macquarie Group Limited is a global investment banking and diversified financial services group, providing banking, financial, advisory, investment and funds management services to institutional, corporate and retail clients and counterparties around the world. It is the preeminent Australian investment bank and has its global headquarters located in Sydney.
Macquarie is listed in Australia (ASX:MQG) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker.
On 30 October 2009 Macquarie announced a net profit after tax for the half year to 30 September 2009 of $A479 million, an increase of 79% on the prior half and a decrease of 21% on the prior corresponding first half period.
History
Macquarie was founded in 1969 and it began its operation, with only three staff, from Sydney in January 1970 as Hill Samuel Australia, a subsidiary of the UK's Hill Samuel.
In 1981, in response to changes evolving from the deregulation of financial markets, Hill Samuel Australia commenced work on a proposal to become a trading bank. Authority for Hill Samuel Australia to become Macquarie Bank Limited (MBL) was received from the Federal Treasurer in 1985, making it only the second private trading bank to be established in Australia this century.
Macquarie took its name from Lachlan Macquarie, an early Governor of New South Wales who dramatically transformed the early settlement in Australia from a penal colony into a dynamic economy.
Macquarie Bank took over Hill Samuel Australia and opened its doors for business in 1985 in Sydney. A trading bank was opened in Melbourne the same year and in Brisbane in November 1986.
The company listed on the ASX in 1996, and on 30 October 1996 entered the ASX's All Ordinaries Index, with a market capitalisation of approximately $1.3 billion. In 2007, MBL securityholders and the Federal Court approved the restructure of the Macquarie group into a non-operating holding company (NOHC) structure. The NOHC and ultimate parent of the Macquarie group, Macquarie Group Limited, is ASX listed. Macquarie Group is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker.
Macquarie manages a number of listed and unlisted investment funds which contributed approximately 12 per cent of Macquarie’s total underlying operating income for the half year ended 30 September 2009. The funds own assets that deliver services including transport, roads, airports and utilities.
Macquarie Group employee caught viewing racy images on the air
Shortly before 2-2-2010, David Kiely, a Macquarie group employee behind a Seven News reporter in the newsroom was caught looking at racy photos of a Victoria's Secret model, while on the air.
Fortunately, David was allowed to keep his job.
Moreover, the model in those photos has offered and expressed support for the embattled employee.
Global reach
Macquarie employs around 12,700 staff in more than 70 office locations across 28 countries. Macquarie's operations are now global with staff located in the following countries: Australia, Austria, Brazil, Canada, China, Germany, France, Argentina, India, Indonesia, Ireland, Luxembourg, Japan, Korea, Malaysia, Netherlands, New Zealand, Philippines, Russia, Singapore, South Africa, Sweden, Switzerland, Mexico, Thailand, United Arab Emirates, United Kingdom and the United States.
In 2009 Macquarie acquired:
- the equity derivatives and structured products business of German private bank Sal. Oppenheim
- Blackmont Capital Inc, a Canadian wealth management business, from CI Financial
- Fox-Pitt Kelton Cochran Caronia Waller LLC, a leading specialist investment bank focused on financial institutions
- Delaware Investments, a leading US-based diversified asset management firm, from Lincoln Financial Group
- Tristone Capital Global Inc, an independent energy advisory firm
Business structure
Macquarie's business activities are organised into five principal operating groups: Macquarie Capital (formerly Investment Banking Group), Macquarie Securities Group (MSG), Fixed Income, Currencies and Commodities (FICC) (formerly Treasury and Commodities Group (TCG)), Macquarie Funds Group (MFG), and the Banking and Financial Services Group (BFS). In addition to the operating groups, Macquarie has a network of support areas: Corporate Affairs Group, Information Technology Group and Risk Management Group.
Macquarie's managing director and chief executive officer is Nicholas Moore, who replaced Allan Moss in May 2008, and the board chairman is David Clarke.
In 2005 Macquarie announced a hostile takeover bid for the London Stock Exchange valuing the company at £1.5 billion, a bid rejected by LSE management as "derisory".
In 2007 the bank, together with a number of private equity firms, unsuccessfully attempted to take over Qantas.
The Macquarie Group Foundation
Macquarie has provided support to community programs for more than 35 years.
The Macquarie Group Foundation was formally established in 1984 and in the year to 31 March 2009, contributed $A18.3 million to more than 900 community organisations globally. Complementing this contribution, Macquarie staff raised more than $A7.7 million for not-for-profit organisations.
Current Board members
- David S. Clarke, AO, Non-Executive Chairman
- Nicholas W. Moore, Managing Director and Chief Executive Officer, Executive Voting Director
- Peter M. Kirby, Independent Voting Director, former Managing Director of CSR Limited
- Catherine B. Livingtone, AO, Independent Voting Director, former Managing Director of Cochlear Limited
- Kevin McCann, AM, Independent Voting Director, Former Partner and Chairman of Allens Arthur Robinson
- John R. Niland, AC, Independent Voting Director, former President of the University of New South Wales, and former Cornell University professor
- Helen M. Nugent, AO, Independent Voting Director, Chairman of Funds SA, Swiss Re Life, and Health (Australia) Limited
- Peter H. Warne, Independent Voting Director, former head of Bankers Trust Australia Limited’s Financial Markets Group
Notable current and former employees
Business
- Simon Hannes - executive director and investment banker, convicted of insider trading
- Nicholas Moore - CEO
- Greg Coffey - successful London based hedge fund manager
Public service
Macquarie Bank maintains very strong political connections through the appointment of former politicians and senior political staffers to senior positions.
- Bob Carr - Premier of New South Wales (1995-2005)
- Max Moore-Wilton - former Secretary of the Department of the Prime Minister and Cabinet to John Howard
- Graeme Samuel - chairman of the Australian Competition and Consumer Commission (2003-present)
- Warwick Smith - former Federal Cabinet Minister
- Alan Stockdale - former Treasurer of Victoria
Logo
Macquarie Group's logo is a representation of the 'Holey dollar', Australia's first coinage, created by Governor Macquarie to overcome a currency shortage faced by the early Australian settlers. Governor Macquarie's creation of the Holey Dollar was an inspired solution to a difficult problem and for this reason it was chosen as the symbol of the Macquarie Group.
Criticism
In January 2009 over 60 people demonstrated outside the Macquarie's office in Vancouver, BC, Canada. They protested Macquarie's involvement in the controversial Gateway Program which they claimed would dramatically increase greenhouse gas emissions, local pollution and sprawl.
The company's high margins and profits, and the consequent rewards for its executives and shareholders, have seen news website Crikey dub the bank "The Millionaire Factory".
See also
External links
- Macquarie Bank restructure approved
- Company Profile
- Macquarie's Infrastructure Vehicles
- Public-private partnerships NEWS
References
- http://www.macquarie.com.au/au/about_macquarie/media_centre/20091030a.html
- http://www.macquarie.com.au/au/about_macquarie/company_profile/history.htm
- http://www.macquarie.com.au/au/about_macquarie/company_profile.htm
- http://www.macquarie.com.au/au/about_macquarie/company_profile.htm
- "Macquarie's six major business Groups". Macquarie Group.
- http://www.macquarie.com/foundation/index.htm
- "Macquarie's Offices In Lock Down". blog.
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