Macquarie CEO Says Global Footprint to Buoy Commodities Business [Financial Post (Toronto, Ontario, Canada)]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Financial Post
price shocks that propelled record earnings just a year ago, Chief Executive Officer Shemara Wikramanayake said. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Macquarie Group Ltd. can grow its highly profitable commodities trading business beyond the US and further into Asia and Europe even without the price shocks that propelled record earnings just a year ago, Chief Executive Officer Shemara Wikramanayake said. “There's a huge spectrum of areas where already, even if they don't grow at all, we've got scope to take more share slowly, patiently,” she said in an interview with Bloomberg on Friday. Article content Article content The Sydney-based firm has become one of North America's largest energy traders, helping corporations hedge raw materials and power at such volume that the division has grown to account for nearly half the entire firm's profit. For Wikramanayake, any future turmoil t
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