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, Market Operations and Technology (Formerly 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 served as Executive Director from 1985 to 2007, and Chairman from 2007 to 2011.
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.
Read more about this topic: Macquarie Group
Famous quotes containing the words business and/or structure:
“What if all the forces of society were bent upon developing [poor] children? What if society’s business were making people instead of profits? How much of their creative beauty of spirit would remain unquenched through the years? How much of this responsiveness would follow them through life?”
—Mary Heaton Vorse (1874–1966)
“Women over fifty already form one of the largest groups in the population structure of the western world. As long as they like themselves, they will not be an oppressed minority. In order to like themselves they must reject trivialization by others of who and what they are. A grown woman should not have to masquerade as a girl in order to remain in the land of the living.”
—Germaine Greer (b. 1939)