Macquarie Group ("Macquarie") (ASX:MQG; ADR:MQBKY), today announced the appointment of David Lipschitz as a Senior Analyst in Equities Research within its Commodities and Global Markets group. Mr. Lipschitz will be based out of Macquarie's New York office.

Mr. Lipschitz has more than 15 years of experience covering metals, mining and related areas. He joins from CLSA where since 2009, he led coverage of metals, mining, steel and North American rails. Prior to CLSA, David spent several years at Merrill Lynch, where he covered a number of companies across the coal, steel and base metal industries. Prior to sell-side research, he worked for four years in account management and three years as a professional tennis player in the ITF and ATP tennis circuits. David is a highly regarded equity research analyst recognized for his thoughtful investment ideas and market fundamental studies. He holds a Bachelor of Arts from Rutgers University and a MBA from NYU's Stern School of Business.

Christine Farkas, Managing Director and Head of US Equity Research, said: "We are delighted to have David join our coverage team. Metals & Mining is a core area of specialist expertise for Macquarie's research platform globally. We continue to make strategic appointments that enhance our market leading position and remain confident in our ability to bring quality research insights to our client base globally."

Macquarie continues to be a global leader in commodities research, having recently hosted the 12 th annual Global Metals, Mining and Materials conference in New York this past June. The two day event brought together senior executives from metals, mining and basic materials companies, as well as commodity-related keynote presenters from around the world.

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

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