About
Macquarie’s people are empowered to innovate and invest for a better future.
We bring specialist, global expertise in areas such as infrastructure, energy, technology and commodities. We focus on innovation, careful risk management and delivering sustained long-term value for our clients, partners, investors, staff and the broader communities in which we operate.
Macquarie has a non-hierarchical organisational structure, split into four operating groups. The Executive Committee manages the organisation as a whole and comprises the Chief Executive Officer, Chief Financial Officer, Chief Risk Officer, Chief Operating Officer, Group General Counsel, CEO of Macquarie Bank Limited and heads of Macquarie's operating groups.
Individual businesses operate within Macquarie's operating groups. These businesses work closely together, specialising in defined products or markets.
Within overall guidelines and a strong risk management framework, the operating groups have substantial discretion in the way they manage their business activities. Great emphasis is placed on a client's relationship with Macquarie as a whole.
Four service groups provide the framework, infrastructure and support that the operating groups require to manage their business. These are the Corporate Operations; Financial Management, People and Engagement; Legal and Governance; and Risk Management Groups.
Corporate Operations Group comprises the following divisions:
The Corporate Operations Group brings together specialist services in Technology, Operations, Business Services, Data, Digital, Communications and Engagement, Operational Risk Management, Finance and Business Management.
| Business Services | is responsible for the strategic direction, implementation and ongoing management of Macquarie's workplaces, business resilience and sourcing and vendor management. |
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| COG Central | brings together Business Management, Operational Risk Management and Financial Planning and Analysis to effectively support the day-to-day management of COG. |
| Culture, Engagement and Communications | partners with COG divisions to engage and develop people, including the delivery of culture and change initiatives, communications and engagement activities. |
| Digital | partners with divisions and groups to deliver digital solutions whilst future skilling employees with capabilities such as data analytics, innovation and human-centred design. |
| Data | is responsible for developing, maintaining, monitoring and advising on Macquarie Group’s data management frameworks. |
| Operations | is responsible for delivering critical operational trade support services to a wide range of products and businesses. |
| Technology | provides business-aligned account management, software development, manages Macquarie's enterprise-wide technology and our cyber and global security. |
Risk Management Group (RMG) forms the second line of defence and provides independent and objective review and challenge, oversight, monitoring and reporting in relation to Macquarie’s material risks.
| Credit | manages and oversees the counterparty credit, equity and asset risks taken by Macquarie. This is delivered through the credit risk management framework that articulates the approach to assessment, approval, monitoring and reporting of these risks. |
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| Market Risk | assesses, monitors and reports on the risk of change in the value of Macquarie’s positions as a result of changes in market conditions. This encompasses both traded and non-traded market risk. Market Risk also oversees Macquarie’s implementation of the liquidity risk framework. |
| Prudential Risk | develops and maintains the prudential risk framework to support compliance with prudential obligations globally, ensures Macquarie has a consistent global approach to managing regulatory engagement, provides quantitative analysis and independent validation of models as well as monitoring aggregate risk across all risk types relative to Macquarie’s economic capacity to bear risk. |
| Operational Risk | establishes and provides oversight of the Operational Risk Management Framework, for the identification, assessment, management, reporting and escalation of the risks arising from failures of people, processes, systems and external parties and events. Operational Risk also establishes and provides oversight of Macquarie's Work Health and Safety Framework. |
| Compliance | maintains a comprehensive Compliance framework to enable our businesses to discharge their regulatory and compliance obligations. Compliance also maintains the Conduct risk framework and supports Macquarie-wide risk surveillance. |
| Financial Crime Risk | manages and oversees financial crime risk, engages with regulators, and maintains and monitors the effectiveness of financial crime risk frameworks, programs and policies for Macquarie globally. |
| RMG Central | supports the effective and efficient operation of RMG by providing centralised services for strategy, data management, analytics, change, projects, and learning and development in RMG. RMG Central also establishes and oversees the key risk management framework elements, and supports Macquarie-wide risk training. |
| Internal Audit | provides independent and objective risk-based assurance on the compliance with, and effectiveness of, Macquarie’s financial and risk management framework. The Head of Internal Audit reports functionally to the Board Audit Committee and is primarily accountable to them, with an operational reporting line to the Chief Risk Officer for day-to-day management. |
Financial Management, People and Engagement (FPE) provides a single interface for Macquarie’s businesses across key areas of people, strategy, communications and financial management. Comprising two pillars – Financial Management, and People and Engagement – it is responsible for managing the Group’s financial activities and strategic priorities, fostering our culture through people and community engagement strategies, and engaging with stakeholders to protect and promote Macquarie’s reputation globally.
Sitting across both pillars are two teams focused on uplifting data, technology and financial operations, and overseeing risk assurance.
Legal and Governance Group (LGG) brings together Macquarie Group’s global team of dedicated lawyers, governance professionals, and the technical specialists, management, legal operations, and administrative staff who work with them.
LGG incorporates five divisions, four aligned to the Macquarie Group businesses and one central function, united under the Group General Counsel with a shared goal: to protect and represent the interests of Macquarie.
Operating as an independent function, LGG provides a full range of:
The Head of LGG, the Group General Counsel, is a member of Macquarie’s Executive Committee and reports directly to the Macquarie Group Managing Director and Chief Executive Officer.
