Macquarie Securities Indian operations expand further

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Mumbai, Aug 13 (UNI) Australia-based Macquarie Securities Group (MSG) today announced six new appointments in India, highlighting its growth plans and commitment to one of the world's fastest growing markets.

Macquarie's Head of Equity-India, Mr Stuart Smythe told newsmen here today that the increasing sophistication and global relevance of the Indian capital markets continued to attract investors attention.

''We are ensuring we are appropriately staffed with high calibre teams to meet our clients requirements. Our on-going investment in the business, a growing markets share and broad based recognition of our product and services is driving our ability to attract and retain high calibre people'', he said.

The recently announced merger of Macquarie Capital Securities and Equity Markets Groups to create MSG has opened up enormous opportunities. India represents significant opportunities in this regard, Stuart said.

Meanwhile, Mr Irfan N Khan, head of Structured Product Sales, India, stated that ''Coverage depth in India is fully inclusive of the Sensex of Bombay Stock Exchange (BSE) and 95 per cent across Nifty index of National Stock Exchange (NSE) members, totalling more than 80 stocks. In addition, our Alpha quantitative coverage encompasses over 200 Indian companies.'' UNI AR OBB SKB1624

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