Macquarie Group ("Macquarie") (ASX:MQG; ADR:MQBKY) today announced the appointment of Srini Pajjuri as a senior analyst in equities research within its Commodities and Global Markets group covering the semiconductor sector. Starting January 9, 2017, he will be based in San Francisco.

Mr. Pajjuri has 15 years of experience covering semiconductors and related areas. He joins Macquarie from CLSA where he spent seven years as a senior analyst covering semiconductors, following more than seven years covering semiconductor and solar energy stocks at Merrill Lynch, and has enjoyed strong recognition in several investor polls throughout his research career. Prior to sell-side research, he worked for four years as a consultant in software solutions at Sabre, Inc. He earned an MS in Transportation Engineering from Virginia Tech and an MBA from the University of Chicago.

Christine Farkas, Managing Director and Head of US Equity Research, said: "Srini's extensive background combines deep analytical expertise in semiconductors and many related areas along with industry and operational experience. His focus on collaboration fits well on our platform and will complement our existing TMT team providing unique industry insights to Macquarie's clients."

Globally coordinated with counterparts in Europe and the Asia-Pacific region, Macquarie's TMT equities research team covers the IT services, IT hardware, enterprise IT and data center infrastructure, internet, semiconductor, software, telecommunications, cable, satellite, media, radio, and advertising sectors. Macquarie is the presenting sponsor of the Montgomery Summit, a leading conference held in Santa Monica, CA, focused on emerging growth companies in the Internet, mobile, IT and media sectors.

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 13,500 people and has assets under management of more than $377 billion (as of September 30, 2016). Macquarie operates in the US as Macquarie Capital (USA) Inc., a member of FINRA and SIPC. Further information can be found at http://www.macquarie.com/us/corporate/research.

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