WebMacquarie Group Limited (/ m k w r i /) is an Australian global financial services group. In response to Ofwats letter, Harrison said that while Southern should make substantial progress in addressing its issues by the end of 2025, the full transformation will take time. Macquarie Capital Principal Finance (Macquarie) in a joint venture with Sun Hung Kai & Co and DPK Quay Limited, has acquired 17 Columbus Courtyard from CWT International Limited for 110.2 million. Macquarie Group CEO Shemara Wikramanayake has expanded the companys Americas assets to roughly $370 billion. Independent Chairman since 10 May 2022 Macquarie said that by injecting more than 1bn in new equity to recapitalise the business, Southern would be able to invest in fixing the faulty pipes, pumping stations and sewers, which are causing harm to the local environment. At the time, Mrs Thatcher wrote off the industry's 5bn debt, leaving companies with a clean slate and gave them 1.5bn in public money. This is usually higher than the consumer prices index (CPI) measure of inflation. Member of the Board Remuneration Committee The second-largest is the Universities Superannuation Scheme, with 19.7%, a pension fund for UK academics. Company | Board of Directors | Macquarie Group Who owns He is a Director of the Anika Foundation and the Lowy Institute, Deputy Chair of the Temora Aviation Museum and a volunteer pilot for Angel Flight. See our latest analysis for Macquarie Group. Acquired Cook Inlet Energy Susan Lloyd-Hurwitz has significant expertise in the global investment and real estate sectors. Before joining Macquarie, Shemara worked as a corporate lawyer at Blake Dawson Waldron in Sydney. Most recently, he was Governor of the Reserve Bank of Australia between 2006 and 2016. WebAcquired the Australian assets of Bankers Trust (Australia, US, Brazil). Member of the Board Nominating Committee. LGBTQ+ advocates fear broader discrimination after Supreme Court ruling. He is a small business mentor for Many Rivers Microfinance Limited and co-founder, and a director of, the Sally Foundation. "They own too much." Macquarie said that it invested billions of pounds in upgrading Thames's water and sewage infrastructure while it owned the company. Get all the latest information on Events, Sales and Offers. But over the years it borrowed heavily and is currently 14bn in debt. CEO of the Macquarie Infrastructure Group. At the time the 20m fine was a record for such this kind of offence. Are other water companies in a similar state? $, 437 M When the company was privatised in 1989, it had no debt. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. $. Ms Wakefield Evans is a director of Viva Energy Group Limited, MetLife Insurance Limited, MetLife General Insurance Limited, Lendlease Corporation Limited and Clean Energy Finance Corporation. PINEVILLE, La. Macquarie $, 6 M Macquarie to sell Ceres US, Canadian ports business to Macquarie used such mechanisms to load Thames with debt to pay hefty dividends and no tax. BEc (Hons) (Adelaide), GAICD, SF Finsia He stepped down as Deutsche Banks Chairman of Mergers and Acquisitions (Australia and New Zealand) in 2016. Macquarie Data Centres manages five data centres and an expansion plan to build Intellicentre 3 Super West was announced in 2021. But critics argue that it took billions of pounds out of the company in loans and dividends - which is a share of a business's profits that is paid to shareholders. Suite 2 / Level 3, 19 Honeysuckle Drive. The conservative court flexed its muscles. As you can see, institutional investors have a fair amount of stake in Macquarie Group. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Slit Lamp Microscope Haag Streit Type : Three Step Drum Rotation, Trinocular Co-Axial 1500x Metallurgical Microscope with Top-Bottom Light with 2MP Camera, Trinocular Microscope with DIN Objective and Camera 40x - 2000x, Junior Medical Microscope with Wide Field Eyepiece & LED 100x - 1500x, Trinocular Inverted Metallurgical Microscope 100x - 1200x, Binocular Inverted Metallurgical Microscope 100x - 1200x. Mr Stevens has also made key contributions to a number of Australian and international boards and committees, including as chair of the Australian Council of Financial Regulators between 2006 and 2016, as a member of the Financial Stability Board and on a range of G20 committees. If called in, the special administrator would continue to run the company as usual, ensuring that water supplies to homes and businesses continue. Macquarie Telecom is a full service business provider of data, voice, mobile and colocation services. Who owns Macquarie Leasing? $, 2 762 But why is the UK's largest water company facing a crisis - and are other firms facing similar problems? The company is responsible for supplying water to 2.6m customers and provides wastewater services to 4.7m customers across Kent, Sussex, Hampshire and the Isle of Wight. Shemara sits on the World Banks Global Commission on Adaptation and was a founding CEO of the United Nations Climate Finance Leadership Initiative (CFLI). $, 495 M He was also responsible for the Groups Mergers & Acquisitions function. Follow the links to find the logins youre looking for: BEc (Hons) (Sydney), MA (Econ) (UWO) Is Macquarie middle market? Our data suggests that insiders own under 1% of Macquarie Group Limited in their own names. MIC expressly disclaims the adoption or endorsement of any content on any such website. The general public holds a substantial 54% stake in Macquarie Group, suggesting it is a fairly popular stock. Established Macquarie Group Limited as a Non-Operating Holding Company. MACQUARIE GROUP LIMITED : Shareholders Board There are other water companies that are in precarious financial positions, according to the water regulator. The public outcry prompted by Thamess track record under Macquaries ownership was one of the key drivers behind calls for the regional water company monopolies to be taken back into public ownership, which was a Labour party manifesto pledge for the 2019 election. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. The June 27 order says the The Australian investment bank Macquarie has returned to the UK water industry four and a half years after leaving Thames Water saddled with debt buying a majority stake in Southern Water for more than 1bn. BJuris/BLaw (UNSW), FAICD The MAM segment provides investment solutions to clients across a range of capabilities in private markets and public investments. The bank sold its stake in Britains biggest water supplier, Thames Water, in 2017 after a decade in which Macquarie earned billions from the company through dividends and paid next to no corporation tax. Technology Group Corp. (TMTG). Jillian Broadbent has extensive investment banking industry knowledge and markets expertise, including a deep knowledge of risk management and regulation in these areas. We are a global financial services organisation with Australian heritage, operating in 34 markets. Ms Hinchliffe is a Non-Executive Director of BHP Group Limited, Santander UK plc and Santander UK Group Holdings plc. In comparison, the second and third largest shareholders hold about 5.4% and 5.1% of the stock. Past performance of any product described on this site is not a reliable indication of future performance. 2023 BBC. Reddit co-founder Alexis Ohanian and his wife, tennis superstar Serena Williams, bought the first Los Angeles Golf Club earlier this month. Investors in Trump Media merger charged with insider trading The entire water and waste sector was privatised 34 years ago under the late Margaret Thatcher's Conservative government for 7.6bn. After all, that is what private investors expect of their companies. As it is a large company, we'd only expect insiders to own a small percentage of it. Macquarie Infrastructure Partners III (MIP III), an unlisted infrastructure fund managed by Macquarie Asset Management, announced that an agreement has According to the regulator Ofwat, the sector's total debt reached 60.6bn by March last year. Independent Voting Director since January 2021 (of Macquarie Bank since January 2021) Arqiva She served as the CEO of Mirvac for more than a decade and prior to that was the Managing Director of Europe for LaSalle Investment Management. Macquarie takeover deal UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF The Government is on stand-by to step in should struggling utility Thames Water collapse. Macquarie Asset Management has agreed to acquire a majority stake in Southern Waters parent company, Greensands Holdings. Macquarie Group Macquarie Group Who actually owns Thames Water? Chair of the Board Remuneration Committee 1 MarketScreener is worth more than 1000 Influencers! Macquarie Group Limited | Global Financial Services We create positive social impact by empowering people to innovate and invest for a better future. Macquarie Infrastructure Partners III (MIP III), an unlisted infrastructure fund managed by Macquarie Asset Management, announced that an agreement has been reached with Carrix, a leading marine terminal operator in the U.S. and the Americas, to divest MIP IIIs ownership of Ceres Terminals Holdings LLC (Ceres or the Company). Companies that have been privatized tend to have low insider ownership. Member of the Board Nominating Committee. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. This may not be consistent with full year annual report figures. Established a UK bank, Macquarie Bank International Limited. She holds Bachelor of Commerce and Bachelor of Laws degrees from UNSW and completed the Advanced Management Program at Harvard Business School in 1996. What interest does Thames Water pay on its debt? $, 689 M In December, Ofwat flagged five firms which it said it was most worried about. (modern). Independent Voting Director since February 2014 (of Macquarie Bank since February 2014) In her time at Macquarie, Shemara has worked in six countries and across several business lines, establishing and leading Macquaries corporate advisory offices in New Zealand, Hong Kong and Malaysia, and the infrastructure funds management business in the US and Canada. She held several key management positions at King & Wood Mallesons including Managing Partner International in Hong Kong and Managing Partner, Practice in Sydney. Thames Water may have to be taken over by the government if it runs out of money. Data delayed at least 20 minutes, as of Jun 30 2023 07:10 BST. $, 207 M Macquarie sold its final stake in Thames for an estimated 1.35bn, just months before the Environment Agency prosecuted the utility company for extensive pollution in the Thames and other rivers between 2012 and 2014. Thames Water had no debt when it was privatised by Margaret Thatcher in 1989. Acquired aircraft operating lease portfolio from AWAS Aviation Capital Limited. Acquired Constellation Energy's downstream natural gas trading operations (North America). American data center provider Aligned Energy has received an investment from Macquarie Infrastructure Partners, with the company now jointly History | Macquarie Group Entered into binding agreements with the New South Wales Government to design and deliver the Martin Metro Place railway station in Sydney. Analysts say Thames Water's current debt amounts to 80% of the value of the business, making it the most heavily indebted of England and Wales' water companies. Macquarie said that it invested billions of pounds in upgrading Thames's water and sewage infrastructure while it owned the company. Macquarie How much does Thames Water owe and how has its debt pile grown? All rights reserved. We are a global financial services organisation with Australian heritage, operating in 34 markets. "Macquarie Bank owns it," he says. MEDIA KIT| Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. On Saturday, an incident involving a Southern water overflow prompted Canterbury council to warn the public not to swim off a section of the Kent coast near Whitstable. Please sign in or register. WebCalendar Company Business Summary Macquarie Bank Limited is an authorized deposit taking institution (ADI). Now we are a global business operating in 34 markets and with specialist expertise in areas such as resources, agriculture and commodities, energy and infrastructure, with a particular knowledge of the Asia-Pacific region. Thames Water is a private utility company owned by Kemble Water Holdings Ltd, a consortium led by the Australian-owned Acquired Boston Australia Ltd (Australia). Share price information may be rounded up/down and therefore not entirely accurate. $, 216 M She currently leads emerging markets workstreams for CFLI and the Glasgow Financial Alliance for Net Zero (GFANZ), and is a member of the Monetary Authority of Singapore's International Advisory Panel, Global Investors for Sustainable Development (GISD) Alliance and the Australian Universities Accord Panel of Eminent Australians conducting the Australian Universities Accord Review. WebShemara has also served as Chair of the Macquarie Group Foundation. Critics argue that the dividends were paid with money that could have been spent on improving Thames Water's infrastructure and services. She also has considerable executive management and listed company board experience. Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice. Macquarie Government provides services to Federal and State Government agencies, including secure cloud, secure internet gateway. Companies that have been privatized tend to have low insider ownership. As of last March, around 5.6 billion of Thames Waters debt was at fixed interest rates, but around 7.7 billion of it was linked to retail price index inflation (RPI). Who owns Thames Water? Macquarie In December 2005, before Macquarie bought the utility, Thames Waters net debt was just 2.4 billion. Follow us at @BloombergUK for the latest news and analysis. Chairman of the Board Risk Committee The data centres are located in Sydney and Canberra and are branded by Macquarie Data Centres as "Intellicentre". It strengthens our ability to tackle the longer-term challenges posed by climate change and population growth, at the same time as being responsible custodians of Southern Englands rivers and seas, he said. Shemara joined Macquarie in 1987 in Macquarie Capital in Sydney. Companies that have been privatized tend to have low insider ownership. Thames Water is owned by a group of investors spanning four continents. Australian investment bank left Thames Water saddled with debt when it sold up in 2017. click here to see if insiders have been buying or selling. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. He was a member of the Takeovers Panel for two terms from 2008 to 2014. Shemara joined Macquarie in 1987 in Macquarie Capital in Sydney. As of last September, Thames Water owed around 13.8 billion to its lenders, a figure that was around 840 million higher than six months earlier. The MAM segment provides investment solutions to clients across a range of capabilities in private markets and public investments. So for these companies the Government or regulator Ofwat can apply to a court to appoint a special administrator. Past performance of any product described on this site is not a reliable indication of future performance. Member of the Board Nominating Committee. Sign up for newsletter today. Theres never a fee to submit your organizations information for consideration. Our team It used to trade under the name the Macquarie Bank. Currency figures normalised to Macquarie Group Ltd's reporting currency: Australian Dollar AUD, Create detailed alerts and get notified the moment an event happens, See how trades would have performed from years past or start from the present, Download PDF copies of reports from the newspaper markets data page, View the performance of global markets and browse news items by region, Find companies based on country, sector, and other equity characteristics, View funds that move the market, screen for funds and read relevant news, All markets data located on FT.com is subject to the. Macquarie Cloud Services provide cloud hosting services, including. Macquarie is listed in Australia (ASX:MQG) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised Language links are at the top of the page across from the title. Its second Sydney Data Center, Intellicentre 2, was opened September 2012,[8] and it has Intellicentre 4 and 5 in Canberra. Its segments include Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital. How much does the CEO of Macquarie Bank earn? But just like anyone else, they could be wrong. About MIC 17 Columbus Courtyard (17CC) is a c. 188,000 sq. Member of the Board Governance and Compliance Committee Who owns Thames Water? Ian McAulay, the chief executive of Southern Water, said Macquaries investment was good news for our customers, the local environment and the regional economy. Macquarie Macquarie Member of the Board Nominating Committee Why is Thames Water in so much trouble? - BBC News In December 2005, before Macquarie bought the utility, Thames Waters net debt was just 2.4 billion. - Cleco Corporation (NYSE: CNL), a public utility holding company and owner of regulated electric utility Cleco Power LLC, today announced that it has entered into a definitive agreement to be acquired by a group of North American long-term infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and Mr Coffey is a Non-Executive Director of Lendlease Corporation Limited and Goodstart Early Learning Ltd. BCom (UQ), FCA, ACA Member of the Board Nominating Committee BSc (UQ), GAICD, FIA (London), FIAA Macquarie She is also a member of the Takeovers Panel, the GO Foundation Board and The University of New South Wales Foundation Limited Board. WebThe Macquarie Technology Group journey began with the vision to be the customer service champions across Australian telecom and cloud hosting services. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? UK & International News. Of the 11 companies that provide water and sewage services in England and Wales, six are owned by or controlled by overseas investors from countries including Hong Kong, Canada and Malaysia. Profile data is unavailable for this security. Macquarie Capital segment offers advisory and capital raising services. The infrastructure investor promised to put the utility firm back on a stable footing after it was fined a record 90m last month for dumping billions of litres of raw sewage off the north Kent and Hampshire coasts. report on analyst forecasts for the company, 'Rogers: The Musical,' first Marvel musical at Disneyland opens, AI Obsession Powers $5 Trillion Nasdaq 100 Surge: Markets Wrap, UPDATE 1-Google hires Brazil's Temer to lobby on controversial internet bill, Biden to Pursue New Path on Student-Debt Relief After Ruling, Wider than websites? The company is headquartered at the former Independent Broadcasting Authority headquarters at Crawley Court in the village of Crawley, Hampshire, just outside Winchester. Of the 11 companies that provide water and sewage services in England and Wales, six are owned by or controlled by overseas investors from countries including Hong Kong, Canada and Malaysia. Equities Macquarie Group Ltd + Add to watchlist MQG:ASX Actions Financials Investment Banking and Brokerage Services Price (AUD) 172.65 Today's Obtained an Australian Banking licence as Macquarie Bank Limited. Other investors include the British Columbia Investment Management Corporation (8.7%), Hermes GPE (8.7%), Queensland Investment Corporation (5.4%), Aquila GP Inc (5%), and Stichting Pensioenfonds Zorg en Welzijn (2.2%). No. Get in touch with us directly. BA (Maths & Economics) (Sydney) State Street Global Advisors, Australia, Ltd. Argo Investments Ltd. (Investment Management). Michelle Hinchliffe has more than 35 years professional experience within the financial services sector in the United Kingdom and Australia, with extensive experience in leading large global teams in the provision of external audit, internal audit and advisory services to clients across financial services. All content on IngramsOnline.com 2000-2023 Show-Me Publishing, Inc. Who is the largest shareholder of Westpac? Shemara Wikramanayake has been Macquarie Groups Managing Director and CEO since late 2018. At the time, the UK was under pressure from Europe to improve the purity of its water. $, 283 086 While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Our portfolio We believe in a workplace where every person is valued for their uniqueness and where different views and ideas are embraced. You have recognised that Southern Waters customers deserve better service, and you have set out your ambition for Southern Water to be a well-performing business in the next regulatory period and for the company to be able to operate in line with Ofwats expectations for the whole sector.. Ingrams industry ranking lists are your go-to source for knowing the most influential companies across dozens of business sectors. This article by Simply Wall St is general in nature. Macquarie Infrastructure Partners III announces agreement to Independent Voting Director since August 2018 (of Macquarie Bank since August 2018) Macquarie Group Another pension fund, the UK-based Universities Superannuation Scheme, holds another 20%. ABOUT US| BCom, LLB (UNSW) Case in point: We've spotted 1 warning sign for Macquarie Group you should be aware of. Hedge funds don't have many shares in Macquarie Group. However, meeting European standards would cost billions of pounds worth of investment which, it was hoped, would come from the private sector and, by extension, companies' customers. Entered into an agreement to acquire Esanda dealer finance portfolio from ANZ Banking Group. Macquarie Group Ltd, MQG:ASX profile - FT.com - Financial Times