Macquarie Group is expecting its FY19 results to outstrip last year's results by up to 15%, and has made three key appointments.
This means it could post $3.9 billion in profits when it announces FY19's full-year results in early May.
"While the impact of future market conditions makes forecasting difficult, Macquarie currently expects an increase of up to 15% in FY19 compared with FY18 results," Macquarie Group said in ASX filings this morning.
Managing director and chief executive officer Shemara Wikramanayake said: "Trading conditions were satisfactory with significant realisations across the group in the December 2018 quarter."
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Macquarie Group's business is spread across five main operating groups, which together raked in a net profit of $1.2 billion in first half of FY19, as announced on November 2.
Macquarie Asset Management contributed 29% to 1H19, commodities and global markets contributed 27%, corporate and asset finance contributed 17%, Macquarie Capital contributed 16% and banking and financial services contributed 11%.
Macquarie Infrastructure and Real Assets (a part of Macquarie Asset Management) won an investment management mandate from the The Infrastructure Fund - a $2.5 billion unlisted fund - in the December quarter.
Macquarie Asset Management had $532 billion in assets under management at December end. Macquarie Infrastructure and Real Assets (MIRA) won $8.4 billion in new, funded institutional mandates and contributions in the December quarter.
Overall, MIRA divested $1.2 billion of assets, invested $1 billion in equity, and raised $8.7 billion of new equity.
Macquarie Group's regional chief executive officer for EMEA David Fass will relocate to New York. He will move into the new role of MIRA's head of Americas effective April 1.
Fass's role will go to Paul Plewman (currently head of CGM in EMEA) on April 1, subject to regulatory approval. He will also take Fass's spot on the group management committee, and chair the EMEA management committee.
A third appointment, made on January 14, sees Macquarie Group's US country head Shawn Lytle take on the role of MIM's global head (he was previously the deputy).
This follows previous MIM global head Ben Bruck's move to MIM's executive chairman.
The group's short-term outlook is subject to: foreign exchange impacts, potential regulatory changes and tax uncertainties, market conditions, completion rate of transactions and period-end reviews, and geographic composition of income.