Macquarie flags expansionary approach
Macquarie Group has revealed an expansionary strategy with respect to financial services in Australia, telling an investment forum today that it will be looking to grow market share as its competitors either reduce their size or exit the arena.
The briefing, details of which were released to the Australian Securities Exchange (ASX), saw Macquarie saying it would pursue selective acquisition opportunities and strategic partnerships similar in nature to its arrangement with WHK Group.
It said the banking group would also be pursuing growth in high margin relationship banking, lending and advice.
As well, Macquarie said it would be continuing to pursue growth via a wrap solution in the UK and self-managed superannuation funds.
AUTHOR
Mike Taylor
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