Macquarie is looking to expand its structured investment business in the Americas. The initiative at the blue chip Aussie firm is being headed up by Peter Moses, who last Friday took up the newly-created slot of head of global structured products.
Moses, previously executive director of equities in Hong Kong, has relocated to Sydney and will oversee the rollout of Macquarie's equity investment structures into the U.S. and Latin America, with an initial focus on the latter. Moses said Latin American clients have been very receptive to new product ideas. He declined to give further details of the plans.
In August Macquarie began pitching equity investment structures, typically reverse convertible-style structured notes, in the region.
As part of the expansion, the firm hired Angus Dobbie, previously at the Commonwealth Bank in New York, to run sales and structuring in the region from New York, Saulo Mendes also recently joined from BNP Brazil to manage the sales teams and will be relocating to Miami shortly. Exact details of the appointments could not be learned. Neither Dobbie nor Mendes could be reached by press time.
U.S. and Latin American operations are being headed up locally by Kieran Moffat in New York. Trading and structuring will be based in New York under Moffat. Moffatt declined to comment.
