- published: 18 Sep 2012
- views: 5586
Macquarie Group Limited (ASX: MQG) 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. Headquartered in Sydney, Macquarie is the largest investment bank and the top ranked mergers and acquisitions advisor in Australia.
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 A$479 million, an increase of 79% on the prior half and a decrease of 21% on the prior corresponding first half period. In 2010, however, as a result of subdued market conditions, Macquarie issued two profit downgrades in the space of three months, resulting in a sharp fall in the share price of the company.
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.