Macquarie Appoints US Head of Banks Research

  Macquarie Appoints US Head of Banks Research

  *Macquarie Securities appoints David Konrad as Head of US Banks coverage
  *Coverage to include large cap banks and brokers, and select regional banks
  *Formerly head of large cap banks coverage at KBW
  *Hiring augments existing US financial institutions coverage

Business Wire

NEW YORK -- March 19, 2013

Macquarie Securities, the institutional equities arm of Macquarie Group
(“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the appointment of David
Konrad as a Managing Director and Head of US Banking sector coverage.

Mr. Konrad is one of the most well regarded analysts covering the sector. With
a 25-year career in banking, he has been named twice as one of the “World’s
Best Financial Stock Pickers” by Bloomberg Magazine (2010 and 2011), a top
stock picker by the Wall Street Journal (2008) and has managed a team that was
awarded a top rating in the 2009 Greenwich Associates research survey.

Mr. Konrad joins from Keefe, Bruyette & Woods (KBW), where he was Head of
Large Cap Bank Research for the past five years and had overall responsibility
for research focused on universal and large cap Midwestern banks. Specific
stocks he covered at KBW include JPMorgan Chase (NYSE: JPM), Citigroup (NYSE:
C), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), US Bancorp (NYSE:
USB), PNC Financial (NYSE: PNC), Fifth Third Bancorp (NASDAQ: FITB), KeyCorp
(NYSE: KEY) and Huntington Bancshares (NASDAQ: HBAN).

Prior to KBW, Mr. Konrad held various banking roles at Harris Trust & Savings
Bank and LaSalle National Bank. He holds a Chartered Financial Analyst (CFA)

Macquarie’s US banking research effort forms part of its overall US financial
institutions coverage. The team produces research in banks and brokers,
insurance, diversified financial services, specialty lenders and financial
guaranty companies. Globally coordinated with research counterparts in Europe
and the Asia-Pacific region, the firm’s worldwide sector coverage now
encompasses 51 analysts across 601 financial institution stocks, providing
comprehensive sector and stock-specific research to the firm’s clients.

Andrew Root, Managing Director and Head of US Research said: “Macquarie is
delighted to have David join our financial institutions research team. As head
of our US banking research, his deep and extensive expertise in the banking
sector will provide clients with a top-tier perspective on individual stocks
and industry trends. His leadership experience and prospective coverage will
enlarge and enhance our existing financial sector research product.”

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial,
advisory, investment and funds management services. Macquarie’s main business
focus is making returns by providing a diversified range of services to
clients. Macquarie acts on behalf of institutional, corporate and retail
clients and counterparties around the world. Founded in 1969, Macquarie
operates in more than 70 office locations in 28 countries. Macquarie employs
approximately 13,400 people and has assets under management of over $353
billion (as of September 30, 2012). Go to for more

About Macquarie Securities Group

Macquarie Securities Group operates as a global institutional securities house
covering sales, research, ECM, execution and derivatives activities, and
offers full-service cash equities in Australia, Asia, South Africa and Canada
with specialized offerings in the US and Europe. Macquarie Securities Group
operates in the US as Macquarie Capital (USA) Inc., a member of FINRA and
SIPC. Further information can be found at


Macquarie Group
Stephen Yan, +1 212-231-1310
Corporate Communications
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