Banking and Financial Services Group

 

Group contribution to profit
based on internal management accounts before tax, profit share, share-based payments and the corporate segment

Full year to 31 March 2012: 13 per cent
Full year to 31 March 2011: 12 per cent
Staff: 3,163 (at 31 March 2012)
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 advisors, stockbrokers, mortgage brokers, professional service industries and the end retail client.
Staff locations: Australia, Brazil, Canada, Hong Kong, India, Indonesia, Japan, New Zealand, and the UK.

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 had $US22.8 billion in funds under administration as at 31 March 2012 and $US30.1 billion in cash products including the Cash Management Account, Cash XL and Term Deposits. The Division also owns Macquarie Precision Marketing which operates insurance marketing in Japan, Hong Kong and Indonesia.

Macquarie Adviser Services also encompasses Macquarie Global Investments which provides product development capabilities for retail and wholesale investors in Australia and select locations internationally. Macquarie Global Investments includes the Macquarie Professional Series, Macquarie Private Portfolio Management and Macquarie Agricultural Funds Management (MAFM), which, as at 31 March 2012 managed 3.6 million hectares of pastoral and crop land throughout Australia's eastern seaboard and more than 403,000 cattle and sheep. MAFM also has agricultural operations in Brazil.

Macquarie Private Wealth

Macquarie Private Wealth maintains direct relationships with more than 321,000 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.

Macquarie Private Wealth has a 19.9 per cent interest in online foreign exchange company OzForex, which has operations in Australia, New Zealand, Canada, the UK and the US. The products distributed to non-advised clients include self-directed stockbroking through the Macquarie Prime Online Trading platform and Macquarie cash products. Offshore, the division has a joint venture agreement with Indian company Religare.

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 the BFS mortgages, Global Investments and Macquarie Private Wealth businesses in the North American market. The business has more than 600 staff in 12 offices throughout five provinces in Canada.

 

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.