macquarie-bank-can-thank-asia-for-its-record-results

Macquarie Bank can thank Asia for its record results

Andrew Low, head of Asia corporate finance for Macquarie, says that there's still room to grow in the region.
Australia's Macquarie Bank announced on Tuesday May 15 that its profits increased 60% thanks in large part to its activities in Asia.

The bank has transitioned from being an Australian institution growing internationally, to being a global institution headquartered in Australia. International income was more than 50% of income across most of our businesses, international specialist fund equity raisings are more than triple Australian raisings and international institutions now hold more than 35% of the groupÆs issued capital, says Macquarie Bank managing director and chief executive officer, Allan Moss.

The bank earned A$1.463 billion $1.219 billion in net profit for the fiscal year ending March. Key to its growth is Asia with the bank's Asia-Pacific...
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