Macquarie appoints new director

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Tuesday, January 18th 2005, 11:22AM

Macquarie New Zealand has appointed John Duncan as a director, and responsible for Equity Capital Markets within its Investment Banking Group.

Duncan, a New Zealander returning home, has worked for Macquarie's Investment Banking Group for the past 11 years, most recently in its London office. Prior to London he was based in Macquarie's Hong Kong office.

Macquarie Executive Chairman Jim McLay said that Duncan's appointment was a significant one for Macquarie and a continuation of Macquarie's long term growth strategy in New Zealand..

John Duncan brings with him an impressive track record of successful Investment Banking transactions. He has advised on many high-profile deals, including:

• the IPO of Promina Group Limited for Royal and SunAlliance plc in London, for which Macquarie was Joint Lead Manager;
• the acquisition of NTL Broadcast in the UK for Macquarie Communications Infrastructure Group; and
• the disposal/monetisation of British Telecom's shareholdings in Maxis (Malaysia), LG Telecom (Korea), StarHub (Singapore) and SmarTone (Hong Kong).

'Macquarie is considered the leading Equity Capital Markets house in Australia, and we hope to emulate that success here in New Zealand', McLay said.

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