Macquarie Bank Limited Operational Briefing Kim Burke Group Head, Equity Markets 6 February 2007
Equity Markets Group Overview � Equity Products - Sales and Trading Activities � Global Equity Finance & Synthetic Products � Hedge Fund Management & Distribution � Retail / High-Net Worth Customer � Inter-bank / Corporate Segments � Hedge Funds / Asset Managers Staff 474* Locations Sydney Johannesburg Tokyo Munich Seoul London Hong Kong Sao Paulo Singapore New York MBL Group Income 9% (1H07) Contribution *At 31 Dec 2006 21
Operational Highlights � Equity Products — Asia - Strong demand for listed and OTC equity linked products over growing range of underlyings — Australia - Continuing to build market share in listed products and growing product range and client base in OTC products � Fund Products — Strong growth in FUM across single strategy asset management, fund of funds and structured fund activities — Good returns particularly in single strategy funds � Global Equity Finance — Strong growth in securities lending business and structured equity finance activities 22
Operational Highlights Equity Products � Delivering equity linked products over all major Asian, American and European markets New markets in last 12 months: -India -Pakistan -Thailand -Malaysia -Mexico -Greece -Denmark -Belgium -Norway Underlying Markets 23
Operational Highlights Equity Products We have extended our distribution to clients in: - United States (Reg S) - Caymans - Costa Rica - Panama - Bahamas - British Virgin Islands - Spain - Portugal - Luxemburg - Mexico - Switzerland Clients 24
Operational Highlights Hedge Fund Products � EMG’s hedge fund activities have been combined under the brand MQ Specialist Investment Management 4,500 4,000 3,500 3,000 $Am 2,500 MQ Structured Products 2,000 MQ Single Strategy Funds 1,500 MQ Funds of Funds Funds under Risk Management* 1,000 500 * Where EMG provides capital protection over externally managed - Sep 04 Dec 04 Mar 05 Jun 05 Sep 05 Dec 05 Mar 06 Jun 06 Sep 06 Dec 06 funds 25
� Continuing growth in securities lending volumes Apr-04 Loan Book Value M ay -04 J un-04 J ul-04 Aug-04 Sep-04 O c t-04 N ov -04 D ec -04 J an-05 F eb-05 M ar-05 Apr-05 M ay -05 J un-05 J ul-05 Aug-05 Sep-05 O c t-05 Global Equity Finance N ov -05 D ec -05 J an-06 F eb-06 M ar-06 Operational Highlights Apr-06 M ay -06 J un-06 J ul-06 Aug-06 Sep-06 O c t-06 N ov -06 D ec -06 26
� Significant growth in the volume of structured transactions Jan-04 Feb-04 Structured Transactions Face Value Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Global Equity Finance Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Operational Highlights Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 27
Strategy Update Next 12 months � Equity Products - Globalising the business — Coverage of major global equity markets (China, Eastern Europe, Latin America) — Singapore branch banking license / funds management license — South Africa branch banking license / stand-alone equity derivatives business — Korea domestic derivatives dealers licence — Latin America distribution through Miami and Brazil — European equity products distribution through Munich � Hedge Fund Products: — Build FUM in flagship single strategies and fund of funds to $A2b — Build European and North American institutional distribution � Global Equity Finance — Grow supply in securities lending business (US Broker Dealer) — Use trading and treasury capabilities to create adjacent opportunities 28
Strategy Update Alternative Strategies Group � Previously, Equity Markets and Macquarie Securities’ institutional cash equities business (within Investment Banking Group) operated separately � The growth of hedge funds has made this structure sub-optimal Equity Markets Group Macquarie Securities Global Alternative Equity Corp Fund Equity Alternative Insto Execution Strategies Finance Broking & Research Assets Sales Services Products Products Group Syndication and Structuring � From April 2007, ASG will offer derivatives, financing and access products to hedge fund and institutional clients globally 29
Macquarie Bank Limited Operational Briefing Kim Burke Group Head, Equity Markets 6 February 2007
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