Macquarie forms new specialist investments business
Macquarie has consolidated its Funds and Banking & Financial Services groups to form Macquarie Specialist Investments.
Macquarie stated that the move is to provide advisers with a “consistent point of contact” while also offering a broad range of investment choices, which include structured and agricultural investments, 100 per cent lending options and capital-protected products.
Macquarie Specialist Investments executive director Peter van der Westhuyzen said the new business was formed in response to a re-emerging demand for these types of investments, with the aim being to make it easier for advisers to source investment solutions to meet client needs.
Van der Westhuyzen is one of the leading members of the team, along with Irene Deutsch and Geoff Kellett.
Recommended for you
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
EY has broken down which uses of artificial intelligence are presenting the most benefits for wealth managers as well as whether it will impact employee headcounts.
Advice licensee Sequoia Financial Group has promoted Sophie Chen as an executive director, following her work on the firm’s Asia Pacific strategy.
The former licensee of Anthony Del Vecchio, a Melbourne adviser sentenced for a $4.5 million theft, has seen its AFSL cancelled by ASIC after a payment by the Compensation Scheme of Last Resort.
