Does anybody have experience or knowledge of this company? Anybody work with or form them? Any information would be useful.
It’s hot shot in Asia, but I don’t think it enjoys the same status in US.
got some press a few months ago when an employee had naked pics on his monitor in the background during a live broadcast…
Rough bonus season last year.
My intern left to work in their investment banking department, good name in Asia, probably an up and comer in terms of prestige, and I’ve heard their positioned well for growth once China’s IPO market becomes more developed…also heard the hours are LOOOONNNNGGGG!
thnx anyone else
Depends on which division you are talking about. They’re a pretty big company.
They have a solid Infrastructure product division.
Asking about the general culture and reputaton. As to a specific division I am interested in the wealth management side of the business. Both the sales side and the product creation.
They are the big boys in australia in a sense, or definitely used to be. It used to be called ‘the millionaires factory’ over there. Wealth management wise they are one of the big players again in aus. Rest of the world, F’d if I know!
Hey flynnch, What sort of info are you looking for? I have a few friends who work for them, earlier this decade they were probably running most of the capital raisings/M&A in Aust. Pretty much the only Australian IB, and were known for paying serious salaries, esp by Australian standards. They had a pretty rough time during the GFC, share price fell from $100 to about $15… Just released a pretty bad profit outlook, and rumour has it they will be shedding staff this year. They have a rep as the cowboys of Australian Banking, mostly because the Aussie banks are very conservative. Maq seems to be looking to spread to US and Asia atm, not too sure how that is going for them. When the Aussie Gov’t guaranteed the banks during the GFC, they borrowed a Sh*tload of funds at the lower rate, and lent them all over the world, did pretty well out of it from what I’ve heard, but got some bad publicity out of it, taxpayers weren’t happy that they were subsidising Maquarie’s spending spree…
Haven’t worked for them but know a fair bit about them. Probably not fair to say that they had a rough time during the GFC - they were one of very few IB’s to make a profit all the way through the GFC. They never touched all the sub-prime cra@p which everyone else loved. Made their name (and a ton of money) in the infrastructure space, though they appear to have milked that one for all it is worth. Focusing now on asset management and mid-tier advisory services. From what I gather they expect you to work hard, though salaries are perhaps not as high as some other places. Bonuses are tied to ROE (imagine that!) so this year and next year are not looking too hot. Not a bad company to work all in all I gather. Work hard, do well and you can expect to make career progress and make good money.
Hey thanks thats great info. I just wanted to get a feel for their history, culture and current positioning in the industry. But specifically this push towards advisory and asset management as that is more my personnal focus.