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Examples
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It's a local story as well, Chief Executive Nicholas Moore said.
Macquarie Expects Weaker First Half Ross Kelly 2011
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"Looking at the levels of return we're getting at the moment we think they are below what we should be achieving," said Nicholas Moore , the bank's chief executive, adding that the group doesn't have a target.
Macquarie Sees Second-Half Profit Drop Cynthia Koons 2011
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Australia's biggest investment bank forecast an improved result in fiscal 2012 compared with 2011 but Chief Executive Nicholas Moore said market uncertainty made forecasting difficult.
Macquarie Group's Profit Falls 9% Ross Kelly 2011
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Global economic uncertainty has deepened since October 2011, with substantially lower levels of client activity in many markets, Chief Executive Nicholas Moore told an investor briefing.
Macquarie to Buy Back Shares Amid Profit Fall Ross Kelly 2012
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Nicholas Moore said he expects further improvement in the current fiscal year.
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And while the group is promising improvements in all its divisions in the fiscal year ending in March, Chief Executive Nicholas Moore said the bank faces increased competition across the board.
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Mr. Moss will be succeeded by Nicholas Moore, who spearheaded the development of Macquarie's pioneering infrastructure-funds business, which has been the linchpin of its rapid international expansion.
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Wednesday, the bank promoted Nicholas Moore, formerly the head of Macquarie Capital, to succeed Allan Moss as chief executive of Macquarie Group.
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Plans a Deal-Making Course Macquarie Group Ltd. said it will name longtime executive Nicholas Moore its new managing director and chief executive, and added that its profit for the year ending March 31 will be at least 23% higher than the preceding year's results.
Macquarie's Next CEO 2008
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Nicholas Moore, who has spearheaded the bank's aggressive infrastructure investment model as head of Macquarie Capital, will succeed him.
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