Macquarie Bank
The expansion of Macquarie Bank’s international activities was one of several drivers behind a very strong performance over the past year, during which all business groups reported record performances.
Strategic initiatives in Europe, North America and Asia resulted in an 83% increase in international revenue and revenue in Australia and New Zealand rose 41%, with a 67% growth in profit for financial year ended 2005. Growth in specialist property and infrastructure funds worldwide also contributed to the bank’s performance. Macquarie is now the leader in all the key Australian investment banking markets, as well as in commodities and equity derivatives. Last year, it acquired ING’s Asian stockbroking business and won some impressive mandates including the Philippines largest IPO (initial public offering).
“Our record of sustained success reflects the entrepreneurial energy of our staff and our strategy of focusing our efforts on products and markets where we can add really special value,” says CEO Allan Moss. “We offer full-service investment banking in Australia and broad investment banking services in Asia. In Europe and North America we have chosen to focus on specific opportunities targeting particular markets or product lines. Our ability to respond to the specialist requirements of individual markets around the world has been critical to our success.”
