Macquarie prepares to take on Australia
Macquarie Funds Management Group has launched an assault on the Australian financial planner network, with the opening of a new Victorian office marking the beginning of the company’s plans to roll out a greater Australian presence.
Macquarie Funds Management manager of retail distribution Geoff Pidgeon said the Victorian office would be headed by former Australian Unity Investments business development manager Marcus Cleary, who will lead the adviser presence in Victoria and Tasmania.
“Mr Cleary’s appointment represents our intention to expand across Australia and reflects not only our business growth but our strategic commitment to building even stronger relationships in Victoria and Tasmania,” he said.
Commenting on the newly-formed position, Cleary said the retail advisory market is an important piece in Macquarie’s funds management growth strategy.
“Melbourne is one of the leading centres for the Australian retail market, so we believe it’s essential to have an experienced, local presence.
“I look forward to building a team in Melbourne that will further strengthen our existing retail relationships,” Cleary said.
AUTHOR
George Liondis
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