Macquarie Group Ltd S/Adr (MQBKY) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well good morning everyone and thank you for joining us here today for Macquarie's third quarter and third quarter 26 and 2026 operational briefing. Before we begin today I would like to acknowledge the traditional custodians of this land, the Gadigal of the Eora Nation and pay our respects to Elders past, present and emerging. Today, we will have a third quarter update, which will be given by our CEO, Shamara Wickramanayake, followed by a Q&A session. We'll then hear from each of our operating groups, talking about Macquarie's presence here in ANZ. And then we'll hear from Andrew Cassidy, talking about risk, and Nicole Sabara and her team talking about technology. So with that, I will hand over to Shamara. Thank you. Good morning, everyone. Welcome from me. And I should note before I get going that we have all our operating group heads here in the front row as well with Benway and Michael Silverton joining us from overseas. We've just got Greg Ward travelling, but they're all here for questions if needed. So turning to the third quarter, we'll start with this slide as we always do that just notes our footprint of our four operating groups and the four central service groups that support them and the mix of our income. This is no different to what you saw at the end of the first half. But turning to the third quarter result, as we mentioned throughout this year, we expected the earnings to be weighted to the second half over this financial year. And we saw that play out in the results for the third quarter, being in line with what we expected. So Macquarie asset management was substantially up both on the third comparable quarter and the year to date. And that was driven by in the third quarter, as you know, we had the completion of the divestment of the public inves...