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BRANCH BANKING | Staff Reporter, Singapore

Macquarie Bank expands its operations in Singapore

The activities of Macquarie Private Wealth Asia will operate through the MBL Singapore Branch from September 8.

In a release, Macquarie Bank Limited announced the expansion of its operations in Singapore through the Macquarie Bank Limited Singapore Branch (MBL Singapore Branch).

From today, the activities of Macquarie Private Wealth Asia will operate through the MBL Singapore Branch with the business now known as Macquarie Private Bank. This follows the establishment of Macquarie’s G10 currency offering through the MBL Singapore Branch in July and Macquarie’s Asian foreign exchange, Asian rates and Asian credit activities through the MBL Singapore Branch in June.

Josh Nicholson, CEO of the MBL Singapore Branch said, “The establishment of the Macquarie Bank Limited Singapore Branch in March this year was an important step for Macquarie as we continue to grow and expand our presence in Asia. Singapore plays an important role in driving economic growth in Asia and the establishment of a bank branch in Singapore underscores Macquarie’s ongoing commitment to the Singapore market.”

Through the MBL Singapore Branch Macquarie offers clients a wide range of financial risk management, financing, investment and private wealth management solutions.

Macquarie’s Fixed Income, Currencies and Commodities group (FICC), which has its Asia regional hub located in Singapore, offers institutional investors access to G10 and Asian currencies, interest rates and credit and a broad range of commodities markets.

Macquarie Private Bank provides an integrated private banking and institutional investment platform for ultra high net worth individuals and families, providing tailored advice and investment solutions including access to unique co-investment and off-market opportunities for our clients.

Joseph Poon, Asia Head of Macquarie Private Bank said, “Operating our business from the Macquarie Bank Limited Singapore Branch greatly enhances the breadth of our offering to our clients, as well as strengthening our Asian client servicing capabilities. This is yet another step in growing the significance of our footprint in Asia.”

Macquarie Group (Macquarie) established its Singapore office in 1996 and now has more than 400 staff based there. Macquarie’s activities in Singapore include corporate advisory, structured finance, underwriting, private wealth management, funds management, trading in fixed income, currencies and commodities, and institutional cash equities and research. In March 2011 Macquarie Bank Limited was granted a wholesale bank licence by the Monetary Authority of Singapore.

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