Macquarie Group Limited (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services acting on behalf of institutional, corporate, small business and retail clients and counterparties throughout the world.
Macquarie Group Limited is listed on the Australian Stock Exchange (ASX:MQG; ADR:MQBKY) and is regulated by APRA, the Australian banking regulator, as well as by other regulatory agencies around the world.
Macquarie Private Wealth is part of Macquarie Group, one of the world’s largest and most diverse financial companies. Founded in Australia in 1969, this global provider of banking, financial, advisory, investment and funds management services has reported successive years of profits and growth since 1992. Macquarie manages $A343 billion in assets globally and is listed on the Australian stock exchange. The group holds regulatory capital of $A12.6b, which is $A3.4b in excess of minimum regulatory capital requirements*. Macquarie has more than 42 years of profitability; we were one of the few investment firms to avoid the 2008 financial crisis because of our robust risk management framework.
*All figures are expressed in Canadian dollars as at March 31, 2013. Group regulatory capital surplus are on a fully Harmonized Basel III basis at 8.5% RWA.
We have used our strong balance sheet to reinvest in our company and our people. For instance, Macquarie Private Wealth advisors have access to leading-edge technology, which facilitates speed, accuracy and reliability in transactions. They benefit from best-in-class research, both from the team based here in Canada and their counterparts around the world.
Macquarie’s approach to risk management is long-standing. Strong risk management practices are embedded in business unit management with central oversight of credit, market, funding, compliance and operational risk. These, together with committed, quality staff, are key drivers of Macquarie’s success.
Australia has some of the most stringent client protection laws in the world. One of the reasons Macquarie enthusiastically expanded into Canada is that the regulatory landscape here is very similar to that in Australia. The principle we operate on is this: if Canada has stronger rules in a particular area than Australia does, we will work within the Canadian rules. But if the Australian legislation is stronger in relation to client protection, then we adopt the Australian guidelines in Canada.
At Macquarie, this approach to risk management extends to all aspects of our business. It’s one reason we’ve been profitable for more than 20 years in a row, including throughout the global financial crisis.
Macquarie's strength lies in its unique structure and management style, which enable businesses to exercise significant operating freedom balanced by limits on risk and observance of professional standards.
Macquarie's management approach fosters an entrepreneurial culture among staff. Strong prudential management is fundamental to this approach. The focus of central management is on risks to Macquarie arising from market and industry influences and issues of medium- and long-term significance.
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The Macquarie Group Foundation is Macquarie Group's philanthropic arm.
Please click here for further information about the Foundation's community activities in Canada.