Our history
Macquarie's operations began in 1969 as merchant bank Hill Samuel Australia (HSA), a subsidiary of Hill Samuel & Co. Limited, London. It opened its doors in Sydney in January 1970 with just three staff. Today, Macquarie provides banking, financial, advisory, investment and funds management services from more than 70 offices around the world.
In 1981, following the deregulation of financial markets, HSA commenced work on a proposal to become a trading bank. HSA was given authority to become Macquarie Bank Limited (MBL) by the Federal Treasurer of Australia on 28 February 1985. It was only the second private trading bank to be established in Australia during the twentieth century.
Macquarie Bank took its name from Lachlan Macquarie, who as Governor of New South Wales transformed the early settlement in Australia from a penal colony into a dynamic economy. His many achievements include the establishment of Australia's first bank and introduction of its first domestic coinage in 1813, the Holey Dollar.
Macquarie's logo is a stylised version of this coin.
Macquarie Bank took over the existing activities of HSA and commenced operations on 1 March 1985 with a retail branch in Sydney. A trading bank branch was opened in Melbourne a few months later and in Brisbane in November 1986.
On 29 July 1996, MBL listed its fully paid ordinary shares on the Australian Securities Exchange (ASX) and on 30 October 1996 entered the ASX's All Ordinaries Index with a market capitalisation of approximately $A1.3 billion.
On 25 October 2007, shareholders approved the restructure of Macquarie Group into a non-operating holding company (NOHC) containing separate banking and non-banking groups. The NOHC, Macquarie Group Limited, is listed on the Australian Securities Exchange (ASX.MQG).
Since commencing operations in Sydney in 1969, a number of milestones have contributed to Macquarie's growth:
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Investments in any of the funds mentioned above are not deposits with, or other liabilities of, Macquarie Bank Limited ABN 46 008 583 542 (MBL) or of any other company in the Macquarie Bank Group and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. Neither MBL nor any other member of the Macquarie Bank Group guarantees any particular rate of return on, or the performance of, any of the above funds, nor do they guarantee the repayment of capital from any of those funds. Any investment in the above funds involves risk (including the potential loss of principal) and the funds may or may not be able to achieve their respective investment objective(s) for a variety of reasons. Past performance is not indicative of future results.
Macquarie looked to Australia's most successful early governor, Governor Lachlan Macquarie, for inspiration in its name and the creation of its logo. Governor Lachlan Macquarie (1761-1824) was instrumental in the establishment of Australia's first bank and was also responsible for introducing Australia's first coinage, the Holey Dollar.
In 1813 Governor Lachlan Macquarie overcame an acute currency shortage by purchasing Spanish silver dollars (then worth five shillings), punching out the centres and creating two new coins - the 'Holey Dollar' (valued at five shillings) and the Dump (valued at one shilling and three pence). This single move not only doubled the number of coins in circulation but increased their total worth by 25 per cent and prevented the coins from leaving the colony.
Governor Macquarie's creation of the Holey Dollar was an inspired solution to a difficult problem and for this reason it was chosen as the symbol of Macquarie Group.
