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Home» About Macquarie» Company profile» Organisational structure and business activities» Banking and Financial Services Group

Company profile

Banking and Financial Services Group

Group contribution to profit
based on internal management accounts before tax and profit share

Half year to 30 September 2011: 15 per cent
Full year to 31 March 2011: 12 per cent

Staff: 3,076 (at 30 September 2011)

Activities: Banking and Financial Services Group (BFS) is the primary relationship manager for Macquarie Group’s retail client base. The group brings together Macquarie’s retail banking and financial services businesses providing a diverse range of wealth management products and services to financial advisers, stockbrokers, mortgage brokers, professional service industries and the end retail client

Locations: Australia, Brazil, Canada, Hong Kong, India, New Zealand, Singapore, the UK and the US

BFS provides a full range of services in the retail banking and financial services sector in Australia and select locations internationally. It aims to provide the highest level of client service for all Macquarie retail clients.

Macquarie Adviser Services

Macquarie Adviser Services provides services to and manages relationships with external financial intermediaries. Macquarie Adviser Services also provides sales services and product management of in-house and external products including retail superannuation, mortgages, Macquarie life insurance, and the Macquarie Wrap administration service, which has $A20.6 billion in funds under administration. Its full range of cash products includes the Cash Management Account, Cash XL and Term Deposits.

Macquarie Global Investments

Macquarie Global Investments provides the group with product development capabilities for retail and wholesale investors in Australia and select locations internationally. The division includes the Macquarie Professional Series, Macquarie Private Portfolio Management and the Macquarie Pastoral Fund, which owns 3.6 million hectares of pastoral and crop land throughout Australia's eastern seaboard and more than 412,000 cattle and sheep.

Macquarie Private Wealth

Macquarie Private Wealth maintains direct relationships with more than 329,000 clients and provides a broad range of services including full-service broking, strategic financial planning, executive wealth management, private banking and a range of consumer and financial products for non-advised clients in Australia.

The Macquarie Private Wealth division currently has a 19.9 per cent interest in online foreign exchange company OzForex, which also has subsidiaries in the UK and Canada and recently expanded into Asia opening an office in Hong Kong, and a strategic partnership with WHK Group Limited, a listed major Australasian financial services company and a member of Horwath International. The products distributed to non-advised clients include self-directed stockbroking through the Macquarie Prime Online Trading platform, Macquarie credit cards and cash products.

Macquarie Relationship Banking

Macquarie Relationship Banking provides innovative banking services to successful small to medium sized businesses, professionals and high net worth individuals in Australia.

Banking services include finance for business growth, premium funding, business and property acquisition and succession planning. The business also provides deposit facilities and streamlined payment collection systems to the professional services sector. Other core activities include financing business insurance premiums and providing flexible lending facilities to active property investors.

BFS North America

BFS North America is responsible for BFS’ mortgages, banking, premium funding and Macquarie Private Wealth businesses into the North American market. The business has approximately 604 staff in 12 offices throughout five provinces in Canada.

BFS Asia

BFS Asia is responsible for expanding the BFS wealth management business into selected Asian markets.

It has a joint venture agreement with Indian company Religare to offer advice and wealth management solutions to high net worth investors in India. Macquarie Global Investments operates a co-investment product manufacturing business out of Hong Kong while online foreign exchange company OzForex recently expanded into Asia opening an office in Hong Kong.

Investments in any of the funds mentioned above are not deposits with, or other liabilities of, Macquarie Bank Limited ABN 46 008 583 542 (MBL) or of any other company in the Macquarie Bank Group and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. Neither MBL nor any other member of the Macquarie Bank Group guarantees any particular rate of return on, or the performance of, any of the above funds, nor do they guarantee the repayment of capital from any of those funds. Any investment in the above funds involves risk (including the potential loss of principal) and the funds may or may not be able to achieve their respective investment objective(s) for a variety of reasons. Past performance is not indicative of future results.

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This information is a general description of the Macquarie Group only. BBefore acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and you should seek independent advice. No information set out above constitutes advice, an advertisement, an invitation, an offer or a solicitation, to buy or sell any financial product or security or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

Macquarie only carries on banking activities in those countries it is authorised to do so. Macquarie Bank Limited (MBL) is authorised by the Australian Prudential Regulation Authority (APRA) in Australia to carry out banking business in Australia. Each of MBL, acting through its London branch, and Macquarie Bank International Limited, is authorised and regulated by the UK Financial Services Authority to carry on banking business in the United Kingdom. MBL, acting through its Seoul Branch, is authorised and regulated by the Financial Services Commission in Korea to carry out banking business in Korea. MBL, acting through its Singapore Branch, is authorised and regulated by the Monetary Authority of Singapore to carry out banking business in Singapore. MBL, acting through its branch in the Dubai International Finance Centre, is authorised and regulated by the Dubai Financial Services Authority to carry out banking business in Dubai.

Other than MBL, any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Macquarie Group Limited and its related corporations are not otherwise currently authorised to accept deposits or conduct banking business in any other jurisdiction. Other members of the Macquarie Group are subject to regulation in the regions in which they operate. Further information can be found on this website or by contacting us.