In Australia, Macquarie Bank is known as the “millionaires factory” for good reason.
In the past 10 years, it has come from nowhere to become one of the world’s most aggressive buyers of airports, toll roads, energy firms and utilities. If an asset has a reliable cash flow, Macquarie, it seems, has pounced.
In so doing, the Sydney-based bank has left better-known institutions trailing in the dash to seize valuable prizes.
The rewards for being a “diversified financial services company”, as Macquarie likes to style itself, are immense. Allan Moss, its bookish chief executive, is Australia’s highest paid businessman with a $38.4 million package.