Macquarie Group ("Macquarie") (ASX:MQG; ADR:MQBKY), today announced appointments in equities research within its Commodities and Global Markets group. Caroline Levy joins as senior analyst covering beverages, household products and cosmetics, and Susan Donofrio as senior analyst covering aviation, including airlines, aerospace & defense, and aircraft leasing. Ms. Levy and Ms. Donofrio will be based out of Macquarie's New York office.

Christine Farkas, Managing Director and Head of U.S. Equity Research, said: "We are delighted to have Caroline and Susan join our coverage team. Caroline is a highly regarded consumer analyst who brings insightful research, deep corporate and client relationships, and a collaborative approach. Susan is well recognized in global aviation and brings proven industry knowledge, strong political and financial analysis as well as valuable company relationships across the sector. They are both great additions to the team and will add value to our growing client base."

Prior to joining Macquarie, Ms. Levy was a Managing Director and analyst at CLSA, where she covered beverage and household/cosmetics for seven years. Prior to that, she held a number of senior analyst roles in equities research at UBS (including managerial responsibilities), Schroders and Lehman Brothers. She leverages a wide network of industry contacts within beer, spirits, soft drinks and cosmetics, and is known for her consumer surveys and global views. Ms. Levy earned a Bachelor of Commerce from the University of Cape Town.

Ms. Donofrio has strong experience across industry and sell-side institutions. Most recently, she was an investor relations consultant to CIT Group related to its then planned spin of its aircraft leasing business, and also worked in investor relations and strategy for Hawaiian Airlines and Novartis. She has worked as a senior analyst covering airlines, aerospace and transports at Deutsche Bank, Fulcrum Global Partners and Cathay Financial. Ms. Donofrio earned a BA from Rutgers University and an MBA from Pace University.

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 13,597 people and has assets under management of more than $A481.7 billion (as of March 17, 2017). 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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