Macquarie is shifting part of its commodities trading unit out of its banking entity in a restructure of its business, as the asset-management and advisory giant navigates regulatory pressure and seeks to position itself for future growth in offshore power and gas markets.
The separate boards of Macquarie and its bank approved the changes that facilitate the transfer of the international finance operations, which largely house the commodities division’s North American power, gas and emissions activity, to the group’s non-banking entity. That entity is less constrained by regulatory requirements.
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