July 23, 2014 4:34 AM ET

Banks

Company Overview of Macquarie Bank Limited

Company Overview

Macquarie Bank Limited provides various commercial banking and retail financial services primarily in Australia. It operates through Macquarie Funds Group; Corporate and Asset Finance; Banking and Financial Services Group; Macquarie Securities Group; Macquarie Capital; and Fixed Income, Currencies, and Commodities segments. The company offers a range of personal banking, wealth management, and business banking products and services to retail customers, advisers, brokers, and business clients; retail financial products, such as mortgages, credit cards, and deposits; and superannuation and insurance products, as well as stockbroking, financial advice, private banking, cash management, and wrap...

No. 1 Martin Place

Sydney, NSW 2000

Australia

Founded in 1969

Phone:

61 2 8232 3333

Key Executives for Macquarie Bank Limited

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer and Group Head of Corporate Operations Group
Executive Director
Age: 55
Group Head of Fixed Income
Compensation as of Fiscal Year 2014.

Macquarie Bank Limited Key Developments

Macquarie Bank Limited Announces Executive Changes

Macquarie Bank Limited confirmed the appointment of Ms. Mary Reemst as Managing Director and Chief Executive Officer, and as a Voting Director, of Macquarie Bank Limited effective from July 1, 2014. Ms. Reemst replaces Mr. Greg Ward following his resignation from these positions, effective 30 June 2014. Mr. Ward will remain Deputy Managing Director of Macquarie Group Limited and Head of the Banking & Financial Services Group.

Helen Nugent and Peter Kirby to Retire as Directors of Macquarie Group and Macquarie Bank Limited Effective 24 July 2014

Macquarie Group Limited announced that directors Helen Nugent and Peter Kirby will retire from the boards of Macquarie Group and Macquarie Bank Limited at the end of the annual general meeting to be held on 24 July 2014. Dr. Nugent and Mr. Kirby have notified the Board that, having reached Macquarie's tenure limit, they will not be seeking re-election and will retire as Directors of MQG and MBL. Dr. Nugent has been an Independent Voting Director of Macquarie Group since August 2007 and Macquarie Bank since June 1999. Mr. Kirby has been an Independent Voting Director of Macquarie Group since August 2007 and Macquarie Bank since June 2003.

Macquarie Bank Limited Announces Audited Consolidated and Bank Earnings Results for the Year Ended March 31, 2014

Macquarie Bank Limited announced audited consolidated and bank earnings results for the year ended March 31, 2014. For the period, on consolidated basis, the company reported net interest income of AUD 1,715 million compared to AUD 1,428 million a year ago. Net operating income was AUD 5,486 million compared to AUD 4,601 million a year ago. Operating profit before income tax was AUD 1,395 million compared to AUD 1,029 million a year ago. Profit after income tax was AUD 774 million compared to AUD 674 million a year ago. Profit attributable to equity holders of the company was AUD 770 million compared to AUD 671 million a year ago. Profit attributable to ordinary equity holders of the company was AUD 752 million compared to AUD 650 million a year ago. Net cash flows used in operating activities were AUD 848 million compared to AUD 285 million a year ago. Payments for the acquisition of property, plant and equipment, leased assets and intangible assets were AUD 519 million compared to AUD 504 million a year ago. For the period, on bank basis, the company reported net interest income of AUD 1,079 million compared to AUD 712 million a year ago. Net operating income was AUD 3,685 million compared to AUD 3,069 million a year ago. Operating profit before income tax was AUD 1,117 million compared to AUD 907 million a year ago. Profit after income tax was AUD 751 million compared to AUD 821 million a year ago. Profit attributable to equity holders of the company was AUD 751 million compared to AUD 821 million a year ago. Profit attributable to ordinary equity holders of the company was AUD 747 million compared to AUD 817 million a year ago. Net cash flows used in operating activities were AUD 2,431 million compared to net cash flows from operating activities of AUD 276 million a year ago. Payments for the acquisition of property, plant and equipment, leased assets and intangible assets were AUD 110 million compared to AUD 228 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 7, 2014
Vow Financial Pty Ltd
Merger/Acquisition
May 6, 2014
HSBC Bank Australia Ltd, Woolworths White Label Credit Card Portfolio in Australia
Merger/Acquisition
January 22, 2014
Bluestone Group Pty Limited
 

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