Macquarie Group

Macquarie Group

Macquarie was based in 1969 and it started its procedure, with only three employees, from Sydney in January 1970 as Hill Samuel Australia, a subsidiary of the UK's Hill Samuel.In 1981, in answer to alterations developing from the deregulation of economic markets, Hill Samuel Australia commenced work on a suggestion to become a dealing bank. Authority for Hill Samuel Australia to become Macquarie Bank Limited (MBL) was obtained from the Federal Treasurer in 1985, producing it only the second personal dealing bank to be established in Australia in up to date times.

Macquarie took its title from Lachlan Macquarie, an ...