Macquarie appoints new director

Tuesday 18th January 2005

Macquarie New Zealand has appointed John Duncan as a director, and responsible for Equity Capital Markets within its Investment Banking Group.

Duncan, a New Zealander returning home, has worked for Macquarie�s Investment Banking Group for the past 11 years, most recently in its London office. Prior to London he was based in Macquarie�s Hong Kong office.

Macquarie Executive Chairman Jim McLay said that Duncan�s appointment was a significant one for Macquarie and a continuation of Macquarie�s long term growth strategy in New Zealand.

�John Duncan brings with him an impressive track record of successful Investment Banking transactions. He has advised on many high-profile deals, including:

the IPO of Promina Group Limited for Royal and SunAlliance plc in London, for which Macquarie was Joint Lead Manager;
the acquisition of NTL Broadcast in the UK for Macquarie Communications Infrastructure Group; and
the disposal/monetisation of British Telecom�s shareholdings in Maxis (Malaysia), LG Telecom (Korea), StarHub (Singapore) and SmarTone (Hong Kong).

�Macquarie is considered the leading Equity Capital Markets house in Australia, and we hope to emulate that success here in New Zealand�, McLay said.

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