Macquarie Bank Limited

From IntFX

See also: MBL for realtime information.

Macquarie Bank operates in a range of investment banking, commercial banking and selected retail financial services markets both in Australia and overseas.

In Australia, Macquarie offers wide range of investment banking services including financial market trading and advisory products and services. In the Asia-Pacific, the bank provides a broad range of investment banking services and in the Americas, Europe, Africa and the Middle East, it focuses on some selective financial products. The bank employs over 10,000 people across 24 countries and is headquartered in Sydney, Australia.

Macquarie Bank organizes its operations into seven business segment:

Investment Banking Group: The segment’s capabilities include project financing; mergers and acquisitions; takeovers and corporate restructuring advice; equity capital markets and equity and debt capital management; specialized infrastructure and specialist fund management; specialized leasing and asset financing; manufacture and distribution of wholesale and retail financial products; and institutional cash equities.

Treasury and Commodities Group: Carries out commodity, energy and environmental financial products trading; commodity and energy finance; the bank's own treasury operation; futures execution and clearing; interest rate and credit derivatives structuring and trading; and foreign exchange trading and structuring.

Equity Markets Group: Offers investment, trading and risk management products to wholesale and private customers in Australia, Asia, Europe, Latin America and South Africa. The segment also operates the bank's global securities lending and equity finance activities.

Real Estate Group: Offers a range of innovative real estate-related services including management and development of global real estate assets; provision of investment and development finance; and wholesale real estate investment management

Banking and Securitisation Group: The segment provides mortgage origination and funding; investment lending including margin and capital protected lending; relationship banking services; personal loans; credit cards; securitisation of retail financial services products.

Financial Services Group: Operates through Macquarie Adviser Services and Macquarie Private Wealth, which together service over 670,000 clients. Macquarie Adviser Services manages relationships with external financial intermediaries and provides sales service and product management of in-house and external products including retail superannuation. Macquarie Private Wealth offers full-service stockbroking and investment planning; online stockbroking; private banking; private portfolio management.

Funds Management Group: It is the bank’s securities asset management arm and manages funds across a wide range of asset classes including cash, fixed income, currency, property, equities, infrastructure and private equity.

[edit] History

Macquarie Bank has its roots in the merchant bank Hill Samuel Australia Limited, which was established in 1969 as a wholly-owned subsidiary of Hill Samuel & Co. Limited, London, UK In 1985, The Company acquired a banking licence and began operations under the name Macquarie Bank. The name was adopted from Governor Lachlan Macquarie. Macquarie Bank took over all the existing activities of HSA and opened its first retail on March o1, 1985 in Sydney. A trading bank branch was opened in Melbourne a few months later and in Brisbane in November 1986.

Macquarie Bank listed its shares the Australian Stock Exchange (ASX) in July 1996.

[edit] Financial performance

The bank’s total income increased 48.6% to A$7,181 million in 2007 from A$4,432 million in 2006. During the same period, the bank’s operating profit improved 48.2% to A$1,928 million in 2007 from A$1,287 million in 2006 and net profit increased 49.8% to A$1,551 million from A$997 million in 2006. The bank’s operating profit margin improved to 26.8% from 26.6% in 2006 and net profit margin improved to 21.6% from 20.6% in 2006.

International income contributed 55% of the bank's operating income in the year ending March 31, 2007.