Meet Macquarie: The $50bn investment bank

Original article by Joyce Moullakis
The Australian – Page: 15 & 21 : 17-Jan-20

Macquarie Group’s shares closed 1.4 per cent higher at a record $143.47 on 16 January; this compares with just $14.75 in early 2009, as the global financial crisis took its toll on investment banks. Macquarie now boasts a market capitalisation of $50.85bn, while it has more than $560bn worth of asset under management. Macquarie posted a profit of $1.46bn for the six months to September, an increase of 11 per cent, although CEO Shemara Wikramanayake has flagged a lower full-year profit than previously.


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