INSEAD and Macquarie partner to create a new Master of Finance program

04 September 2006

INSEAD, the international business school with campuses in Europe (France) and Asia (Singapore), and the Macquarie Group¹ (Macquarie), the international investment bank and financial services provider, will launch a global Master of Finance program for Macquarie’s investment banking managers. This new degree will be available from early 2007 to eligible Macquarie employees around the world.

The program targets Macquarie's top young investment banking executives, who will be selected based on their abilities, performance and potential. Macquarie expects hundreds of its people to undertake the program in coming years, and has made a long-term commitment beyond 2010 to make the INSEAD Master of Finance (Investment Banking) degree a centrepiece in its professional development activities. All participants will need to comply with INSEAD’s high academic standards from entry to graduation.

“This is a truly innovative way for a leading company to develop its people and an investment in talent which, I am sure, will generate extraordinary returns for Macquarie over the years,” said Frank Brown, Dean of INSEAD. “The participants will gain new skills and knowledge tailored specifically to the needs of their industry. At the same time, thanks to INSEAD's unique multicultural environment, they will develop a strong cultural awareness and a worldly perspective enabling them to operate effectively across borders. That is a very powerful combination."

“This is the first program of its kind in the world. Macquarie has always provided opportunities for our people to further develop their skills though education. We are confident this latest initiative will benefit the individuals working in our team today, and that it will also attract the best and brightest graduates from all countries to join us,” said Nicholas Moore, head of Macquarie’s Investment Banking Group.

“The program is designed to help people fulfil their ambition to be tomorrow’s global financial leaders. The advantages of this program include providing students with an international foundation in investment banking; and students can earn as they learn.  In all, combining theory, skills and practice to develop their career in this dynamic business,” he said.

The new Master of Finance (Investment Banking) complements INSEAD’s existing program portfolio which includes a full-time MBA program, an Executive MBA program, a PhD degree, and a broad range of executive education programs. The curriculum has been developed by INSEAD with input from Macquarie’s senior investment banking group management. It combines INSEAD’s academic expertise with the latest developments in international investment banking. Over the coming years, INSEAD’s faculty will work closely with Macquarie to regularly update the curriculum and to develop a suite of case studies specific to investment banking practice and management.

The program integrates courses on finance, accounting, leadership, management, and strategy in the context of global investment banking. Participants will spend a total of 14 weeks on campus over a four year period with multiple groups attending classes on INSEAD’s Europe and Asia campuses as well as in Australia and the USA. In addition to the class room sessions, the program includes individual on-line learning and virtual teamwork activities.

Pierre Hillion, The de Picciotto Chaired Professor of Alternative Investments at INSEAD and Director of the Master of Finance commented: “INSEAD is proud to team up with Macquarie to help develop its next generation of global executives. Like Macquarie, INSEAD is a leader in its field. The school is the world’s largest provider of executive education, with close to 7,000 international executives participating in its programs each year. Our world class faculty, close links to the international business community, unique participative teaching style and outstanding facilities are some of the aspects which have contributed to building our reputation as ‘the business school for the world’.”

Mr Moore added: “Macquarie is recognised as an innovator in Australia and in its rapidly expanding international operations.  We are committed to developing our staff, wherever they are located, and we believe that INSEAD is the right global partner for delivering both a tailored and demanding program to help create Macquarie’s future financial and business leaders.”

[1] Macquarie Group (Macquarie) refers to the Macquarie Group of companies which comprises Macquarie Bank Limited, its subsidiaries and affiliates worldwide and the funds or companies that they manage.

For more information please contact:

Matthew Russell
Public Relations
Macquarie Bank Limited
Tel: (612) 8232 4102
Mobile: (614) 1069 9532