Macquarie Presentation

8/14/2019 Macquarie Presentation

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Macquarie Group

By: Mahmut A. Resulolu, Alka

Sharma, Wasutha Aj, Sameer Bhatia

and Zih Siou, Syu

Group: Corporate Quest


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Presentation OutlineMacquarie History: How it all started

Why we chose Macquarie Group

Past achievements

Redesign and Reengineering: Building blocks for Corporate Venturing

Macquarie corporation and its environment Seven Perspectives on the nature of entrepreneurship

Corporate Entrepreneurship and the Organizational Life Cycle

Three main challenges of entrepreneurship

Entrepreneurship within Macquarie Group

Impact of workforce rearrangement on Macquarie Group: Positive and Negative impacts on the workforce

Restructuring of work design

Management of internal changes

Comparing Macquaries Corporate Entrepreneurship to MaxMuir


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Macquarie Group History

How it all started: Macquarie takes its origins from the merchant bank Hill Samuel Australia

(HSA), a wholly-owned subsidiary of Hill Samuel &Co. Limited, London. Established in Australia in 1969, and it began operations in Sydney in

January 1970 with only three staff. In 1981, due to deregulation of financial markets, HSA commenced work on

a proposal to become a trading bank. Authority for HSA to becomeMacquarie Bank Limited (MBL) was received from the Federal Treasurer onFebruary 28th 1985,

In 2009 Macquarie Group has grown and offers a diverse range of banking,

financial, advisory, investment services as well as corporate ventures in thefield of infrastructure and airports. The Macquarie group has underlined major financial innovations, which

have underpinned its reputation as a market leader as well as a reputationin infrastructure and airport building internationally.


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Achievements

Current PerformanceThe Macquarie group acquisitions speak for it self in terms of performance:

Just a few days ago, the Macquarie group has acquired Delaware Investment LeadingUS diversified asset management firm with over $US125 billion in assets under

management.

Acquisition provides Macquarie with a highly regarded team of investmentmanagement professionals, attractive product suite and broader access to the world'slargest capital market

Acquisition is consistent with Macquarie's strategy to develop a global assetmanagement capability

Another acquisition which is note taking is the acquisition of acquire global energyadvisory firm, Tristone Capital Global Inc.

The acquisition will improve Macquarie's energy offering by integrating Tristonesenergy advisory and capital markets capabilities.


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Creating the Entrepreneurial Organization


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Nature of Entrepreneurship

Creation of Wealth Objective approach

Exclusive access

Global opportunities

Creation of Enterprise

Working closly with government to deliver transport, roads, airports andutilities.

Creation of Innovation

Macquarie Group Foundation invests $2 million in Social Innovation

How did Macquarie redesign their entrepreneurship perspective in their new

corporate ventures ?


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Creation of Change

Climate Change Investments

sourcing investments across renewable technologies Macquarie BioCarbon

Investing in the reduction of greenhouse gases

Environmental product trading

Creation of Employment

Recruited 2,321 new staff in 2005, up 72% on 2004 Australia -Ranked as the highest volume corporate employment advertiser

Employees at all levels are rewarded for the opportunities they create, thecontributions they make, and the value they add for clients, customers andshareholders.




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Creation of Value:

Management is focused upon creation of value-add up sellingopportunities and new revenue streams.

Creation of Growth:

Macquaries growth strategy is to expand selectively, seeking only to enter

markets where we perceive there is a genuine opportunity to add realvalue.




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The Challenge for Macquarie

Achieving credibility or legitimacy for the concept and the entrepreneurialteam:

Proposal Plan

Ideas and Development

Industry Law

Obtaining resources:

Finance and Capital

Overcoming inertia and resistance:Offer profitability to shareholders

Human capital (extending the business into other areas)

International strategic alliance


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Entrepreneurship within

Macquarie

Traditional Research and Development:

Innovation

New Venture Divisions or Groups: Innovation to facilitate corporate entrepreneurship Provide an adequate structural context for new venture activities Create a process for determining the strategic context on new ventures.

Acquisitions: 2004: Agreement with ING Group (ING) to acquire 100 per cent. 2006: Unsuccessful acquisition proposal of Qantas 2007:Orion Securities 2009:Delaware investment $428 million in cash, continuing a trend in

consolidation in the fund management business.

How does Macquarie achieve Corporate Entrepreneurship ?


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Impact on the Workforce

Macquarie Groups core ideology provides the glue that holds the whole

organization together as it grows, diversifies and expands globally..!!

Corporate Venturing and changes to the employee roles:


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POSITIVE implications of change on the workforce:

Maquarie Group has continued to recruit motivate andreward high quality people

Acquisition with six new business has resulted in growthin high profile teams and individual.

Its enterprising environment offers employees thefreedom to make their mark with their team, clients,customers, the Bank and their industry.


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POSITIVE implications of change on the workforce:

Diversified workforce not only allows the manager tomake better choice. It also enable the organisation to

market untapped minority market

An increase in employees wellness & development ismost noticeable positive impacts reported.

Maquarie is a decentralised form of organization so it iseasily approachable by employees.


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NEGATIVE implications of change on the workforce:

Maquarie became diversified through acquisitions andstart-up enterprises they often took on unrelated business

ventures.

International expansion have added to the complexity ofproblems in organization.

As organization grew,so did the number of managerswhere it often became more than that can be supported bycondition.


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Internal management of changes

Macquarie Groups employment concept regardless of new ventures..

How does Macquarie maintain a successful employment force?


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Key to Successfull Workforce

Fulfilment for our People: Macquarie seeks to recruit the best people without discrimination or

bias and advancement and remuneration are based solely on merits.

Teamwork:

To better serve our clients, Macquarie is organised into individualseparate businesses

Highest Standards: Superior returns are only achieved through the best work, which

requires excellence, innovation and creativity.

How does Macquarie maintain a successful employment force?


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Comparing Macquaries CorporateEntrepreneurship to MaxMuir Case Study

In comparison, lets take the example of Max Muir. One of the ways of staying in thebusiness was the acquisitions of a number of competitors within the same field.

Max Muir emphasizes strong personal networks to maintain strong relationships with hisclients.

In comparison with the Macquarie group, we can see that how the Macquarie groupacquires different firms in different fields and not just the banking and finance sector, withthese ventures it creates new venture divisions and groups.

Acquiring new ventures in Toll roads, pipelines and waterworks, leads to expertise in the

management and control in these fields. In roads, it has a head start since Australiaprivatised its toll roads more than 15yrs ago. Europe and America have just started around4-5 years back.

With they acquire expertise,it gives an edge to the company against its competitors, andwith its huge financial background, it becomes a tough competitor and eventually tends toovershadow its competitors in any field it ventures into.

Corporate Entrepreneurship vs Individual Entrepreneur


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The End

Presented

By

Group Corporate Quest

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Macquarie Presentation