Macquarie Bank Limited Operational Briefing Kim Burke Group Head, - - PowerPoint PPT Presentation
Macquarie Bank Limited Operational Briefing Kim Burke Group Head, Equity Markets 6 February 2007 Equity Markets Group Overview Equity Products - Sales and Trading Activities Global Equity Finance & Synthetic Products Hedge
6 February 2007
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Activities Equity Products - Sales and Trading Global Equity Finance & Synthetic Products Hedge Fund Management & Distribution Customer Segments Retail / High-Net Worth Inter-bank / Corporate Hedge Funds / Asset Managers Locations Sydney Johannesburg Tokyo Munich Seoul London Hong Kong Sao Paulo Singapore New York Staff 474* MBL Group Income Contribution 9% (1H07)
*At 31 Dec 2006
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Equity Products — Asia - Strong demand for listed and OTC equity linked products over growing range of underlyings — Australia - Continuing to build market share in listed products and growing product range and client base in OTC products Fund Products — Strong growth in FUM across single strategy asset management, fund of funds and structured fund activities — Good returns particularly in single strategy funds Global Equity Finance — Strong growth in securities lending business and structured equity finance activities
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Underlying Markets
New markets in last 12 months:
Delivering equity linked products over all major Asian, American and European markets
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Clients
We have extended our distribution to clients in:
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EMG’s hedge fund activities have been combined under the brand MQ Specialist Investment Management
$Am MQ Funds of Funds Funds under Risk Management* MQ Single Strategy Funds MQ Structured Products
* Where EMG provides capital protection over externally managed funds
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Sep 04 Dec 04 Mar 05 Jun 05 Sep 05 Dec 05 Mar 06 Jun 06 Sep 06 Dec 06
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Continuing growth in securities lending volumes
Loan Book Value
Apr-04 M ay -04 J un-04 J ul-04 Aug-04 Sep-04 O c t-04 N ov -04 D ec -04 J an-05 F eb-05 M ar-05 Apr-05 M ay -05 J un-05 J ul-05 Aug-05 Sep-05 O c t-05 N ov -05 D ec -05 J an-06 F eb-06 M ar-06 Apr-06 M ay -06 J un-06 J ul-06 Aug-06 Sep-06 O c t-06 N ov -06 D ec -06
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Significant growth in the volume of structured transactions
Structured Transactions Face Value
Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06
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Equity Products - Globalising the business — Coverage of major global equity markets (China, Eastern Europe, Latin America) — Singapore branch banking license / funds management license — South Africa branch banking license / stand-alone equity derivatives business — Korea domestic derivatives dealers licence — Latin America distribution through Miami and Brazil — European equity products distribution through Munich Hedge Fund Products: — Build FUM in flagship single strategies and fund of funds to $A2b — Build European and North American institutional distribution Global Equity Finance — Grow supply in securities lending business (US Broker Dealer) — Use trading and treasury capabilities to create adjacent opportunities
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Previously, Equity Markets and Macquarie Securities’ institutional cash equities business (within Investment Banking Group) operated separately The growth of hedge funds has made this structure sub-optimal From April 2007, ASG will offer derivatives, financing and access products to hedge fund and institutional clients globally Macquarie Securities Equity Markets Group Equity Products Fund Products Global Equity Finance and Structuring
Insto Sales Corp Broking & Syndication Research Alternative Assets Execution Services
Alternative Strategies Group
6 February 2007