Macquarie Group Limited (MQG) Earnings Call Transcript & Summary

Well, look, starting with Macquarie Asset Management that was up 27% on the previous year. We had a good year in terms of performance fees and also investment income in that business, which included our realization of our public investments assets in North America and Europe, which freed up capital for us to grow our private markets franchise even more strongly. And then Banking and Financial Services was up 17%, and that was the ongoing investments we're making in our digital offering that is focused on customer experience that helped us grow, particularly our home loan books and our deposits. So another strong ongoing growth from Banking and Financial Services. The Commodities and Global Markets, all three business lines, they were able to grow their franchises and earnings in the Commodities business, the Financial Markets and also Asset Finance. And Commodities was able to respond to the environment we had externally. We also had a large realization in the OnStream meter portfolio in Asset Finance. And then Macquarie Capital was up 43%. And again, across the whole business, both the client service in terms of transaction activity, capital market solutions, but also we were able to grow our credit book and deliver strong earnings from that. And we had realizations in our equity investments. So all four businesses, as I said, really pleasing that they're able to step up support communities, good diversification across them, but also in terms of capital and funding, we were able to step up in support, particularly CGM and BFS in terms of letting them respond to the opportunities they saw.

Finally, Shemara, looking ahead from the strong results into the next financial year, how is the business positioned moving forward?

Well, I think for next year and beyond, we have four very strong franchises in areas that are positioned for structural growth with deep expertise that we bring, they are diversified across them. So we should be positioned to keep delivering the way we have done historically. And in addition to that, our conservative finance funding, liquidity, capital positions, our risk management, our operating platform should be there to support them as we continue to deliver.

Thanks so much Shemara.