Type Public (ASX: MQG)
Founded Sydney, Australia (1970)
Headquarters Sydney, Australia
Key people David Clarke, Chairman
Allan Moss, CEO
Industry Finance and Insurance
Products Financial Services
Revenue AUD 4.393 billion (2006)
Net income AUD 1.287 billion (2006)
Employees 9,548 (as of 28 July,
2006)
Slogan Forward thinking
Website www.macquarie.com.au
Macquarie
Bank Limited is an Australian
merchant bank and financial services
group, providing a broad range
of products and services to investors,
corporations and government. Its
global headquarters is in Sydney,
and it is listed on the Australian
Stock Exchange (ASX). It is the
only large, majority Australian-owned
investment bank.
During
2005, it raised more than $80
billion AUD in equity capital
markets, capital raisings and
floats, making it the largest
player in Australia in capital
raisings. It is the second largest
player in the mergers and acquisitions
area of corporate finance in Australia.
History
The bank was founded in January
of 1970 as Hill Samuel Australia,
a subsidiary of the UK's Hill
Samuel, an entity founded by the
same man as the Shell Corporation.
The bank took its name from Lachlan
Macquarie, an early Governor of
New South Wales who dramatically
transformed the early colonial
economy. The company became a
trading bank and changed to its
present name in 1986, at which
time it opened branches in Melbourne
and Brisbane. The company listed
on the ASX in 1996, with an initial
market capitalization of 1.3 billion
AUD.
Maquarie
Bank manages a number of listed
investment funds. Over the past
decade, the Macquarie Infrastructure
Group, has become the world's
largest operator of private toll
roads both nationally and internationally.
Other funds managed by the bank's
subsidiaries have invested in
projects such as airports, operating
Kingsford Smith International
Airport in Sydney and Bristol
International Airport in the UK,
for instance.
International Market Presence
Macquarie's operations are still
primarily Australian although
it has built a substantial presence
offshore with operations in the
United Arab Emirates, India, South
Africa, Brazil, Canada, the United
States, China, Hong Kong, Japan,
Korea, Singapore, Indonesia, Malaysia,
the Philippines, Taiwan, Thailand,
New Zealand, Austria, Germany,
France, Italy, Switzerland, Ireland
and the United Kingdom. Notable
recent acquisitions include Cook
Inlet, which now becomes Macquarie
Cook, a gas trading operation
based in Los Angeles, and Thames
Water, one of the world's largest
water companies. Macquarie employs
3,122 staff outside of Australia.
Macquarie
Bank has developed a large presence
in the Financial Services arena
with their Financial Services
Groups Weath Investments Team
managing over 47 Billion AUD of
Funds under Management.
Core Business
The bank's activities work within
six operating groups: Banking
and Property Group, Equity Markets
Group, Financial Services Group,
Funds Management Group, Investment
Banking Group, and the Treasury
and Commodities Group.
Macquarie's
managing director is Allan Moss,
and the board chairman is David
Clarke.
The
bank'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". Macquarie's capitalisation
as at January 2006 was $15.5 billion
AUD. making it one of Australia's
biggest companies by value.
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."
Current Board Members
David S. Clarke, AO, Executive
Chairman
Mark R.G. Johnson, Deputy Chairman
and Chairman of Australian Gas
Light Company
Allan Moss, AO, CEO
John Allpass, Former Managing
Partner of KPMG's Queensland practice
Laurence Cox, AO, Former Chairman
of the Australian Stock Exchange
Peter Kirby, Former Managing Director
of CSR Limited
Catherine Livingtone, Former Managing
Director of Cochlear Limited
Kevin McCann, Former Partner and
Chairman of Allens Arthur Robinson
John Niland, AC, Former President
of the University of New South
Wales, and former Cornell University
professor
Helen Nugent, AO, Chairman of
Funds SA, Swiss Re Life, and Health
(Australia) Limited
Notable current and former employees
Business
Simon Hannes - financial analyst,
convicted of insider trading
Allan Moss - CEO
Public service
An unusual feature of Macquarie
Bank, as a financial institution,
is the very strong political connections
that it maintains through the
appointment of former politicians
and senior political staffers
to senior and highly paid positions.
Bob
Carr - Premier of New South Wales
(1995-2005)
Ross Cameron - Member of the Australian
House of Representatives (1996-2004)
John Hewson - Member of the Australian
House of Representatives (1987-95)
[Also famous for losing the 'unloseable'
election]
Max Moore-Wilton - former Secretary
of the Department of the Prime
Minister and Cabinet to John Howard
Irene Moss - Commissioner of the
New South Wales Independent Commission
Against Corruption until November
2004; wife of Macquarie Bank CEO
Allan Moss.
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 Bank's logo is a representation
of the Holey dollar developed
by Governor Macquarie as a solution
to the monetary problems of the
early Australian settlers. For
the company, it represents financial
knowledge and ingenuity.
Macquarie
Bank group
Infrastructure/Diversified: Macquarie
Airports • Macquarie Communications
Infrastructure Group • Macquarie
Infrastructure Group • Macquarie
Infrastructure Company •
Macquarie Media Group •
Macquarie Regional RadioWorks
Property: Macquarie Countrywide
Trust • Macquarie DDR Trust
• Macquarie Direct Property
• Macquarie Goodman Group
• Macquarie Leisure Trust
• Macquarie Office Trust
• Macquarie Pacific Star
• Macquarie Prologis Trust
Corporate Directors: David Clarke
(Chairman) • Mark R.G. Johnson
• Allan Moss (CEO) •
John Allpass • Laurence
Cox • Peter Kirby •
Catherine Livingtone • Barrie
Marton • Kevin McCann •
John Niland • Helen Nugent
