Macquarie restructure takes shape
Macquarie Bank has provided clear information on how it will look after it fully restructures into two separate companies — one a bank-side company the other non-bank — later this year.
In an announcement released on the Australian Stock Exchange this week, Macquarie said the ultimate parent entity of the Macquarie Group was currently Macquarie Bank Limited but that following the restructure the ultimate parent entity would be Macquarie Group Holdco.
It said this was expected to occur in the last quarter of the calendar year and that at that time Macquarie Group Holdco would become the ultimate parent entity of Macquarie Communications, Macquarie Infrastructure Management Limited, Macquarie Specialised Asset Management Limited and Macquarie Office Management Limited.
The information was provided as part of a notification that control of Generator Investment Australia Limited had passed from Macquarie Bank Limited to Macquarie Funds Management Holdings Limited, effective from August 1.
AUTHOR
Mike Taylor
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