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Media Release
MACQUARIE AND NOMURA FORM COMMODITY DERIVATIVE ALLIANCE
Sydney/Tokyo, June 7, 2007 – Macquarie Bank Limited (Macquarie) and Nomura Securities Co., Ltd (Nomura) today announced an agreement to establish a business alliance in commodity derivatives. The alliance will focus on the provision of commodity derivative and commodity based investor products to customers in Japanese and other Asian markets.
Nomura Securities is the leading securities and investment banking company in Japan and the alliance will add to its existing range of market leading products. Macquarie has a long history of successful involvement in global commodity markets and the alliance will further enhance its commodities platform by providing greater product distribution.
The alliance will focus on providing Nomura clients with direct access to over-the-counter derivatives in base and precious metals and agricultural and energy risk management products, including regional energy products such as the Japanese Crude Cocktail (JCC) as well as global energy pricing benchmarks such as West Texas Intermediate (WTI) and Brent Crude Oil.
The alliance will also provide Japanese investors with greater access to the fast growing commodity based investor product market. Macquarie's commodity based investor products business provides structured solutions for a broad range of investors including high net worth individuals and corporate and institutional clients in the Americas and Europe. The alliance with Nomura extends that offering to investors in Japan and non-Japan Asia.
Commodity based investments will be provided in the form of over-the-counter derivative options or structured notes over underlying instruments including commodity indices, sub-indices and/or tailored baskets of individual commodities. The alliance will also provide access to broader hybrid investment solutions across myriad asset classes, which include commodities, currencies, interest rates and equities.
The alliance team will include senior executives from Macquarie and Nomura.
Overview of Macquarie
The Macquarie Group (Macquarie) is a diversified international provider of specialist investment, advisory, trading and financial services in select markets around the world with US$159.6 billion of total assets under management (as of March 31, 2007). Headquartered in Sydney, Australia, Macquarie comprises Macquarie Bank, and its worldwide affiliated entities. Macquarie Bank is a top 15 company listed on the Australian Securities Exchange with a market capitalisation of approximately US$17 billion as of 31 March, 2007. Macquarie employs more than 10,000 people in 50 international offices in 24 countries.
Macquarie has, for three decades, been an active participant in a range of financial and physical commodity markets globally including precious and base metals, energy and agriculture, with a worldwide team of professionals who have in-depth knowledge across a range of commodity sectors.
News and other information about Macquarie are available at www.macquarie.com
Overview of Nomura Group
Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, over 150 branches in Japan, and an international network in 30 countries; with regional headquarters in Hong Kong, London, and New York. The Group's business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com
