Macquarie Group appoints Thomas Price as Head of Commodities Research

• Mr. Price to head Macquarie's Commodities research team
• Appointment further enhances sector expertise and research offering
• Mr. Price joins Macquarie from Morgan Stanley

Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced it has further strengthened its research capability with the appointment of Thomas Price as Head of Commodities Research.

Mr. Price has enjoyed an extensive career in both the mining and investment banking industries. He joins Macquarie from Morgan Stanley where he was Head of Global Commodities Research for the last three years.

Prior to Morgan Stanley, Mr. Price held senior positions as a Global Commodity Analyst at UBS, Bank Of America Merrill Lynch and CitiGroup; and as an Analyst at AME Mineral Economics. Before entering research, he worked as an exploration geologist in Australia, Kazakhstan, Uzbekistan and Russia. Mr. Price holds a Bachelor of Geology from the University of Sydney and a Bachelor of Economics and Finance from the University of Western Australia.

Mr. Price will join Macquarie in London on 2 January 2018, and will report to Ric Deverell, Macquarie’s Chief Economist and Head of Macro Research, and to Shai Hill, Macquarie’s Head of European Research.

Peter Redhead, Head of Research at Macquarie, said: “Commodities have been a core business for Macquarie for more than 35 years and we provide a best in class commodities research offering. Tom’s appointment will further enhance the detailed insights we provide to our clients. We look forward to welcoming him to Macquarie to lead the team.”

Macquarie Research is a top ten global research platform covering a full range of countries and sectors, with deep expertise and timely insights into the issues and trends that drive companies, industries and markets. Commodities are a core specialist area of expertise. The research team seamlessly combines top-down macro views with strong industry knowledge to generate unique, client-friendly perspectives across all major commodities markets.

Mr. Price’s appointment follows other recent research hires including the appointment of Ric Deverell as Chief Economist and Head of Macro Research in Sydney, David Lipschitz as Senior Analyst in US metals and mining in New York, and the appointment of four top-tier analysts to Macquarie’s European research platform in London.