Macquarie's hires defy turbulent markets

Moves and hires in the bankÆs Asian offices signal that it remains upbeat on the region, and particularly China, India and Korea.

In spite of the remarkably chilly circumstances of declining markets, and a pummelling of its own share price, informed market sources report that Macquarie remains in an expansionary phase in Asia.

The Australian bank, which is estimated to have hired around 100 banking professionals in Asia since January, has made a few changes. The firmÆs critically important infrastructure fund division û headed by Nick van Gelder û will see more firepower added with the transfer of Michael de Guzman from...

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