Maquarie Holdings

[LICandidate]

Does anyone know anything about this firm? I just got asked to interview with them.

 

[Alayle]

Ponzi scheme

 

[LICandidate]

Haha really? How's that?

 

[TJR]

The Australian Bank? if so Kramer cited some issues with them (i believe it was in businessweek) mostly relating to their accounting. I think the basic premise was that they were considering off-balance sheet investments, which were essentially liabilities, as assets. this was about 2 weeks ago.

 

[LICandidate]

Yeah the Australian Bank.

I am talking about their US division. It says they have opportunities in their PE funds. Does anyone know how they are in the US?

 

[boilerbanker]

suppose to be pretty good. they mainly do PE deals in the infastructure group.

this website might be more helpful...good luck
http://www.wallstreetoasis.com/node/7729

you can also search macquarie and find more info...

ps. it's macquarie

 

[LICandidate]

thanks boiler,

that was just a typo

 

[Syd_RE]

LICandidate,

I would take what you hear, about Macquarie being a Ponzi scheme and what not, with a pinch of salt. Do your own research on this before you believe what anyone says.

Macquarie is a fast growing organisation and regarded as one of the best places to work, here in Australia. You do the normal Investment Banking hours, but they pay well (especially IBG, which is the group you are looking at).

I don't know what Macquarie's ambitions are in the US, but if their track record in Australia is anything to go by, they will look to grow aggressively.

Hope this helps
Syd

Added on Edit:
Disclaimer: Im Conflicted



Edited 1 time(s). Last edit at Monday, October 15, 2007 at 11:18PM by Syd_RE.

 

[LICandidate]

Thanks Syd,

Yeah I definitely just laughed the ponzi scheme thing off. I've been finding a lot of positive articles on Macquarie.

 

[cfalombok]

they pay above the market rate but they work you like a dog.... few friends work there.. that's mainly their comment whatever your position is in there

 

[mcpass]

Great shop in my experience.

 

[CCM]

They just bought a mid-tier Canadian Dealer - Orion Securities, the institutional arm of the old Yorkton Securities before they blew up.