Macquarie is shifting its global finance and commodities trading units out of its banking entity in a restructure of its business, as the asset-management and advisory giant navigates regulatory pressure and attempts to position itself for future growth in those divisions.
The separate boards of Macquarie and its bank approved the changes that facilitate the transfer of the international finance operations, along with the commodities division’s North American power, gas and emissions activity, to the group’s non-banking entity.
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