| News Release | Embargoed to AEST Wednesday December, 13, 2000 |
Macquarie New Zealand Limited, a subsidiary of the ASX-listed Macquarie Bank, today announced it was expanding its New Zealand operations with the addition of an institutional and corporate stockbroking business, Macquarie Equities New Zealand Limited, which will commence trading from tomorrow.
Macquarie New Zealand Limited's Executive Chairman, Hon. Jim McLay, said Macquarie New Zealand Limited had been successful in its application for corporate membership of the New Zealand Stock Exchange and was pursuing a strategy of providing a full suite of investment banking services throughout Australasia.
"We have had a corporate advisory business in New Zealand for some time and now we are adding an institutional and corporate stockbroking service that will deal in New Zealand equities on behalf of local, Australian and international clients, " he said.
"This is part of Macquarie's ongoing commitment to New Zealand which it regards as part of its "home" market. We see lots of opportunities opening up as the Macquarie name becomes even more recognised in New Zealand, and as the global players pull out of perceived minor markets," he said
Ian Waddell, Managing Principal, will head Macquarie Equities New Zealand Limited in Wellington with two others, Matthew Lynch, and Nathan Lewis. The business will initially commence operations in Wellington, but will look to expand into Auckland early next year.
| For further information please contact | ||
| Hon. Jim McLay, Executive Chairman Macquarie New Zealand | 649 377 0633 | |
| Mobile | 64 21 754 787 | |
| James Ogden, Macquarie Division Director | 644 494 1366 | |
| Ian Waddell, Managing Principal | 644 494 1355 | |
| Ian Chalmers, Macquarie Division Director | 612 8232 3118 | |
| Matthew Russell, Macquarie Public Relations | 612 8232 4102 | |
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