Macquarie Group announced the formation of a new operating group, made up of Macquarie Capital Securities (MCS) and the Equity Markets Group (EMG).
The combined group will be called Macquarie Securities and have approximately 1,700 employees.
The group will be headed up by Kim Burke, formerly group head EMG and Roy Laidlaw, former head of MCS.
The two businesses contributed 28 per cent of Macquarie’s profit for the year March 31, 2008.
Laidlaw said the strategy to combine the two groups has been developed over the past few months and follows the success of the Alternative Strategies Division.
“The new group allows us to deliver world class equities and derivatives products to clients globally through our existing presence in 25 countries,” he said.
“The combined group will position us for growth as we continue to build up our international operations.”
