| News Release | July 13, 2000 |
Macquarie Bank Limited, Australia's only independent listed investment bank, today announced it had opened a subsidiary office in Tokyo to provide better service to its Japanese clients and global clients operating in Japan.
The Bank's Asset and Infrastructure Group (AIG) will initially open the office with other divisions of the Bank set to follow.
The Executive Chairman of Macquarie Bank, David Clarke, said: "The opening of the Tokyo Office is significant for the Bank's offshore expansion strategy as it completes the cycle of Macquarie Bank's presence in all the major capital markets of the world and completes the network of offices throughout Asia."
Macquarie Bank has pursued a growth strategy of being a full service investment bank in Australasia, while targeting successful niche business opportunities offshore. With the opening of the Tokyo office, the Bank now has 22 offices in 14 countries.
Last year the Bank increased its offices to include Chicago, Vancouver, Sao Paulo, and Cape Town.
Spearheading the Japanese operations is the Bank's dynamic Asset and Infrastructure Group (AIG) which contributed approximately one third of the Bank's record profit last year.
Macquarie's AIG is a global leader in infrastructure financing and was ranked first in the Asia Pacific region for the number of advisory mandates won in 1999 by the prestigious Project Finance International magazine, and second in the world for global advisory mandates.
The Division has expertise in infrastructure, structured finance and cross border leasing. Worldwide the group completed more than AUD$20 billion worth of infrastructure deals last year.
The head of AIG, Nicholas Moore, said: "Macquarie Bank has been very active in big ticket equipment finance in Japan and with the new subsidiary, we intend to develop and expand our activity where we have a particular strength and can add special value for our clients."
Macquarie's AIG Group manages over AUD$5 billion of listed and unlisted infrastructure investments, making it one of the largest infrastructure investors in the world, including being the world's largest toll road owner.
The head of the Japanese office Kaoru Gunji said: "This is an exciting opportunity for Macquarie Bank to expand its asset and infrastructure businesses and project finance business in Japan. As the recent Tankan corporate sentiment survey indicated there has recently been a significant turnaround in Japanese corporate confidence."
In May last year Macquarie Bank entered into an alliance with the Industrial Bank of Japan Limited Group (IBJ) to trade Japanese equity derivative products, including listed and OTC options, convertibles equity swaps, warrants and other tailored structured equity solutions for both wholesale and retail clients in Japan, Europe, and other markets.
For further information contact:
| David Clarke, Executive Chairman, MBL | (612) 8232 3413 |
| Nicholas Moore, Head of AIG, | (612) 8232 3948 |
| Kaoru Gunji, Head of Macquarie Japan, | (813) 522 02727 |
| Matthew Russell, Macquarie Bank Public Relations | (612) 8232 4102 |
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