Nicholas Moore: Leadership, investing and philanthropy

… the current environment, the changing role of technology in our lives and his insights into the not-for-profit sector and the importance of philanthropy.

Nicholas Moore had a distinguished 33-year career at Macquarie Group, culminating in his decade long tenure as Chief Executive Officer from 2008 – 2018. It is worth noting that Moore guided Macquarie through the depths of the Global Financial Crisis and set the course for the subsequent recovery.

To launch the Future Generation Virtual Forum, Belinda Hutchinson AC will host a live interview with Nicholas Moore starting at 4:00 pm today. The discussion will cover Nicholas’ views on what is required to underpin Australia’s economic recovery, the outlook for markets, how he is investing in the current environment, the changing role of technology in our lives and his insights into the not-for-profit sector and the importance of philanthropy.

Click on the player below to access the live stream, a replay will be available immediately after the event via the same link.


Future Generation: Providing Social and Investment Returns

Future Generation Australia (FGX) provides investors with diversified exposure to Australian equities while supporting children at risk.

Future Generation Global (FGG) provides investors with diversified international equities exposure while changing the lives of our youth affected by mental illness.

Visit the Future Generation website to learn more about Future Generation Australia, Future Generation Global Investment Company and the charities that they support.

Spitfire appoints first CEO following Wealthtrac acquisition

Spitfire Corporation has appointed its first chief executive officer (CEO), signalling the financial technology company’s substantial growth plans …
Wingate Asset Management appoint CEO

Spitfire Corporation has appointed its first chief executive officer (CEO), signalling the financial technology company’s substantial growth plans following its acquisition of Wealthtrac.

Matthew Johnson will join the firm having previously been chief executive at Wealthtrac which was acquired by Spitfire last week.

At the time of the acquisition announcement, Spitfire said the acquisition would provide an immediate boost to funds under management, the addition of substantial revenue and the broad distribution network of self-licensed advisers who would support future growth.

Johnson joined Wealthtrac in 2005 as CEO and managing director and the firm now has over 6,000 adviser clients and $2 billion in funds under management.

Spitfire chairman, Graham Maloney, said: “We are very pleased to welcome Matt as Spitfire’s CEO. It is a pivotal time for the company as we take out digital wealth platform to a broader market. Matt is an accomplished financial services executive with strong leadership skills and a successful track record of delivering significant growth in collaboration with clients.”

Meanwhile, the firm also hired Anil Sagaram as chief product officer from BT Financial Group where he led the product development and design teams responsible for the development of BT Panorama’s investment, managed accounts and superannuation capabilities.

Prior to this, Sagaram worked at Morgan Stanley, Macquarie Bank and GBST.

Macquarie Capital invests in Dovel Technologies

“Dovel has a long, proven history of integrating emerging technologies with domain expertise, mission requirements, and customer needs to produce …

Macquarie Capital has made an investment in McLean, Virginia-based Dovel Technologies, a provider of customer-focused software solutions. No financial terms were disclosed.

PRESS RELEASE

MCLEAN, VA. (PRWEB) MAY 06, 2019

Dovel Technologies, a leading expert to federal agencies that blends deep domain expertise and advanced technologies in the health IT, life sciences, and grants management markets, today announced a major capital investment and partnership with Macquarie Capital, the corporate advisory, capital markets, and principal investment arm of Macquarie Group. The capital infusion will be used to broaden Dovel’s reach within the Federal market in areas including biomedical informatics, scientific research and development, advanced analytics and artificial intelligence, and full lifecycle grants management and administration.

Dovel grew a rapid 60 percent annually between 2011 and 2017, transitioning from a small business to a successful mid-tier business with annual revenues of more than $200 million in 2018. This partnership with Macquarie will provide the capital needed for organic and acquisitive growth as the company looks to rapidly advance its innovative development of solutions, services, and capabilities for new and developing customers.

“This new partnership enables us to aggressively pursue our long-term growth strategy for the business, explore market expansion through potential acquisitions, and have additional resources available to create new, differentiated solutions, services, and capabilities,” Dovel Chief Executive Officer, Paul Leslie said. “Dovel has a long, proven history of integrating emerging technologies with domain expertise, mission requirements, and customer needs to produce lasting and highly innovative solutions to customers. We look forward to expanding these solutions across government and broadening our brand recognition.”

In 2018, Dovel’s founders, Dov and Elma Levy, with Leslie and Dovel President Damon Griggs recognized the need to advance the company through partnering with an investor that would fully embrace their future vision of the business. In Macquarie Capital, they found a cultural fit, as well as an experienced, long-term investor in growth companies.

“We quickly recognized senior leadership’s strategic vision, the company’s focused market expansion, and significant growth potential,” said Larry Handen, Senior Managing Director and Head of Principal Investments Americas, Europe, and Asia at Macquarie Capital. “Dovel’s deep technological capabilities, alignment across both health and life sciences, and deep customer relationships present a highly attractive strategic investment opportunity for Macquarie Capital.”

”Through this process, we came to know Dov, Elma, and the executive team very well and have a deep understanding of Dovel’s business, including its exceptional potential,” said Jared Doskow, Managing Director, Macquarie Capital. “We look forward to working with the leadership team and supporting the company’s next phase of growth.”

About Dovel Technologies

Dovel advances the missions of its customers in health IT, life sciences, and grants management through the integration of deep domain expertise and advanced technologies and delivers complex systems integration and information management solutions in data-driven environments for federal agencies to improve lives. To learn more visit http://www.doveltech.com.

About Macquarie Capital

Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. Its capabilities encompasses corporate advisory and a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie’s own balance sheet. These offerings are reinforced through our deep sector expertise in: business services, consumer, gaming and leisure, financial institutions, green energy, healthcare, industrials, infrastructure and energy, real estate, resources, technology and telecommunications and media sectors across the US.

Macquarie Capital Appoints Managing Director to Cover Upstream Oil and Gas in Americas

… Magnus Scaddan in consumer and retail, Robert Bayer and Ajay Singh in industrials and John Katzenmeyer in financial technology), and emerging …

NEW YORK–(BUSINESS WIRE)–Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the hiring of Chris Rutherford as a Managing Director. Mr. Rutherford will cover upstream oil and gas companies and be based in Houston.

The appointment continues Macquarie Group’s focus on the energy sector, which it has served for more than 20 years. Macquarie is the No. 2 physical gas marketer in North America. Its global energy business is headquartered in Houston, with more than 300 professionals focused on the sector. Mr. Rutherford will lead Macquarie Capital’s upstream coverage across M&A, debt and equity capital raisings and provide customized solutions to clients.

Mr. Rutherford joins Macquarie Capital from UBS, where he was a Managing Director in the firm’s Natural Resources group covering upstream oil and gas companies. His experience includes domestic and cross-border M&A, capital raising, structured financings, joint ventures and partnerships for a wide range of clients, including financial sponsors and their portfolio companies.

Mr. Rutherford will work closely with Macquarie Capital’s existing upstream and energy infrastructure team and Macquarie’s energy trading and finance business within its Commodities and Global Markets group to strengthen a full-service offering across the lifecycle for companies, including physical and financial hedging, structured lending and asset management.

“Understanding the significant changes taking place in energy and the needs of participants across the industry, Macquarie Capital has steadily strengthened its energy expertise and offerings,” said Michael Silverton, Head of Macquarie Capital in the Americas, Europe and Asia. “Chris has extensive domestic and cross-border transaction experience and his relationships will help us support clients and deliver specialized services that leverage both Macquarie Capital and our entire firm.”

Mr. Rutherford’s appointment adds to Macquarie Capital’s growing global capabilities with recent appointments made across sectors (including Simon Russell in software, Magnus Scaddan in consumer and retail, Robert Bayer and Ajay Singh in industrials and John Katzenmeyer in financial technology), and emerging growth areas (Greg Callman as Global Head of Energy Technology and Oliver Bradley for Digital Infrastructure).

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs over 14,800 people and has assets under management of more than $397.2 billion (as of September 30, 2018). For more information, visit www.macquarie.com.

About Macquarie Capital

Macquarie Capital combines grounded thinking with innovative approaches to develop transformative ideas and realize greater possibilities for our clients – our partners. We look beyond convention to connect our clients with ideas and opportunities others don’t see, while our global platform, specialized expertise and comprehensive services allow us to deliver what others can’t.

Our capabilities encompass corporate advisory and a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie’s own balance sheet. These offerings are reinforced through our deep sector expertise in aerospace, defense and government services, consumer, gaming and leisure, financial institutions, infrastructure and energy, real estate, resources, services, telecommunications, media and technology sectors across the US with 402 transactions completed, valued at $264 billion in the year to 31 March 2018. https://www.macquarie.com/us/corporate/advisory-and-capital-markets/lookbeyond

Former Macquarie stock pickers hit the market for $378m fund float

Macquarie Capital’s head of equities Patrick Hodgens had one of Australia’s most successful stock picking teams running Macquarie Group’s Pure …

Macquarie Capital’s head of equities Patrick Hodgens had one of Australia’s most successful stock picking teams running Macquarie Group’s Pure Alpha Fund, but eventually that success became a problem.

“When funds do well, competitors start stealing your staff and offering equity (in the business),” Mr Hodgens said.

Macquarie could not allow Mr Hogdens and his equities colleague, James Miller, to offer equity in the funds business to help keep the successful stock picking team together, so the entire team resigned en masse in November last year. They set up Firetrail early this year when non-compete clauses had expired.

Macquarie's former head of equities, Patrick Hodgens, has set up Firetrial with former team members at Macquarie.

Macquarie’s former head of equities, Patrick Hodgens, has set up Firetrial with former team members at Macquarie.

Photo: Picasa

Mr Hodgens and Mr Miller transplanted that Macquarie team and have replicated the investment strategy model at Firetrail. The duo have also successfully brought over almost all of the institutional investors who were with the original Macquarie fund.

The Firetrail team will test their appeal for retail investors on Monday when they launch their initial public offering (IPO) for a long/short Australian equities fund seeking up to $378 million from investors, the Firetrail Absolute Return Ltd.