Macquarie Bank
Macquarie Bank was first known as Hill Samuel Australia Limited during the 1970s. It was in the year 1985 wherein they started using the name they are called today. Macquarie Bank is the only large investment bank which is majority-owned by Australians. Although it is a local company, Macquarie Bank has offshore operations in countries such as the United States, Singapore, Germany, Austria, and the Philippines. The company is well-known for connections in the political scene due to its constant hiring of former politicians to their senior positions. The company has also acquired many properties under the Macquarie Group including Qantas, Red Bee Media, and National Grid Wireless.
Similar to other banking institutions, Macquarie Bank Accounts offers personal banking solutions as well as those tailor-made for business entities. They have cash management trusts and fixed interest. They also have loans, retirement funds, credit cards, stock broking and specialized investment products. Corporations and government institutions can also avail of Macquarie Bank's corporate advising, leasing, and fund raising services. The company has set up an online banking solution that allows clients to access their accounts over the Internet. This gives much flexibility especially to those who are out of the country most of the time.
