Macquarie Group (ASX:MQG) Fund Management Division: Business Development in Asia 2009Despite the global financial crisis, Macquarie Group (ASX:MQG) has continued to perform well in the market and maintain its leadership as one of the strongest global provider of banking, financial, advisory, investment and funds management services in the Asia-Pacific region. In fact, the group has generated a profit of AUD$871 million in the financial year (FY ended 31 Mar 2009). One of the key areas of growth is witnessed in their Funds Management Group which grew by 12% over the last financial year.
In an interview with Eugene Yao from ACN Newswire, Mr Bruce Murphy (Executive Director of the Macquarie Funds Group) talks about the success of Macquarie group and business development of his division in the Asia Pacific region in 2009.
Murphy stated that the group’s focus on strong risk management, product liquidity and commitment to service excellence aided the Macquarie Group in averting from the worst hit of the global financial crisis last year. Customer retention was achieved, due to the Group’s commitment to service excellence. The Macquarie Group has earned its reputation on professionalism, honesty and customer service through frequent visitation and communication with their clients during the difficult time. The Macquarie Group backed by a strong balance sheet position and well established history, continues to be one of the most preferred financial services groups in the region.
In Asia, in addition to offering Macquarie product, the Funds Management Group also specializes in providing “white label” products to institutional investors and fund managers, some of their existing clients include HSBC, JP Morgan, Barclay, RBS, Morgan Stanley, Goldman Sachs and more. Murphy believes that Asia is a rising economy with strong growth potential and Macquarie Funds Group has established offices in Hong Kong, Singapore, Malaysia, Japan, Korea and Taiwan to further strengthen their presence in the region.
Macquarie Funds Group is also looking to introduce their “SICAV” products to the Asia market during the late Q3 of 2009. Macquarie’s “SICAV” is an open ended investment scheme initially focusing on investment in “Real Assets” (commodity, infrastructure, agriculture and real estate). Under the scheme investors are entitled to request the redemption of their units at the Net Asset Value (NAV) at anytime. Murphy believes that the “Real Assets” class will be among one of the first group to recover from the current financial crisis and will benefit from the anticipated inflation to come.
Macquarie has always been innovative in their approach. In Australia, the group has introduced the “Flexi 100” which features a 5 year investment plan with capital guarantee and options for the investors to redeem their money at each anniversary, as Murphy pointed out, the flexibility on redemption makes “Flexi 100” quite a unique offer as a capital guarantee product in the marketplace. Murphy also stated that Macquarie group will extend this kind of creativity into Asia and continue to explore and develop new investment solutions for the Asia market.
ABOUT MR BRUCE MURPHY
Bruce is an Executive Director and joined Macquarie in 2004 as Head of Distribution. Bruce is responsible for Macquarie Funds Group's Australian and Global fund distribution for both Institutional investor and intermediaries globally. Prior to joining Macquarie Bruce was responsible for Deutsche's retail funds business in Australia and had held product development and marketing roles with Prudential and Citibank.
ABOUT MACQUARIE GROUP (ASX:MQG)
Macquarie provides specialist investment advisory and financial services in select markets around the world.
With a network of over 12,700 people in 26 countries, focusing resources on where they can add the most value and deliver real advantages to clients. As a result they’ve reported consistent growth for over a decade, establishing leading positions in a range of markets.
http://www.macquarie.com
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