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Sydney, Aus, June 18, 2009 - (ACN Newswire) - Despite the global financial crisis, Macquarie Group (ASX:MQG), a global provider of banking, financial, advisory, investment and funds management services, has continued to perform well and has maintained its position as one of the strongest advisory firms and asset managers in the Asia-Pacific region. In fact, Macquarie Group generated profit of AUD$871 million in the financial year (FY ended March 31, 2009). One of the key areas of growth was its asset and wealth management division, known as Macquarie Funds Group.
In an interview with Eugene Yao from ACN Newswire, Mr Bruce Murphy (Executive Director of Macquarie Funds Group) talks about the success of the parent Macquarie Group and development of his division in the Asia Pacific region in 2009.
Murphy stated that Macquarie Groups culture of risk management, product liquidity and commitment to 'service excellence' are some of the reason why it was able to avoid the worst of last years global financial crisis. Customer retention was achieved through the groups commitment to service excellence. Macquarie Group earned its reputation of professionalism, honesty and customer service through frequent visits and continuous communication with their clients during the difficult period. Macquarie Group, backed by a strong balance sheet and history of success, continues to be one of the most preferred financial services groups in the region.
In Asia, in addition to offering their own branded product, Macquarie Funds 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, and Goldman Sachs. Murphy believes Asia is a rising economic region with strong growth potential and Macquarie Funds Group has established offices in Hong Kong, Singapore, Malaysia, Japan, Korea and Taiwan to further strengthen its presence there.
Macquarie Funds Group is also looking to introduce their "SICAV" products to the Asia market during 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 one of the first to recover from the current financial crisis and will benefit from inflation, which is anticipated to come.
Macquarie Funds Group has always been innovative in its approach. In Australia, the funds management business introduced the "Flexi 100" product, 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 offering as a capital guarantee product in the market place. Murphy also stated that Macquarie Funds Group will extend this kind of creativity into Asia and continue to explore and develop new investment solutions for the Asia market.
About Bruce Murphy
Bruce is an Executive Director and joined Macquarie Funds Group in 2004 as Head of Distribution. Bruce is responsible for Macquarie Funds Group's Australian and Global fund distribution for both institutional investors and intermediaries globally. Prior to joining Macquarie, Bruce was responsible for Deutsche Banks retail funds business in Australia and held product development and marketing roles with Prudential and Citibank.
Contact:
Macquarie Funds
Sydney Office: +61-2-8232-1021
Hong Kong Office: +852-3922-1888
Singapore Office: +65-6231-1111
Taiwan: +886-2-2734-7500
Web: www.macquarie.com
Topic: Business Plan
Source: Macquarie Group
https://www.acnnewswire.com
From the Asia Corporate News Network
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