Macquarie’s Australian wrap platform increased its funds under administration by 50 per cent to $37.7 billion, driven by a 20 per cent increase in organic growth, market movements and the migration of Perpetual’s private wealth administration platform in April 2013.
Macquarie also increased its retail deposits by seven per cent to $33.3 billion.
The mortgage portfolio rose 47 per cent to $17 billion.
Overall net profit for Macquarie Group was $1.27 billion, a 49 per cent increase from the 2013 financial year.
The second half recorded a profit of $764 million, rising 52 per cent from the first half.
Assets under management increased 23 per cent from March 2013 up to $427 billion.
Macquarie Group managing director and chief executive Nicholas Moore said the continual improvement of market conditions had contributed to a significant increase in Macquarie Group’s operating income and profit.
Mr Moore said Macquarie’s annuity-style businesses including Macquarie Funds, Corporate and Asset Finance and Banking and Financial Services continued to perform well with the combined net profit in the second half up 12 per cent from the previous corresponding period.
Mr Moore also said international income accounted for 68 per cent of the Group’s total income for the 2014 financial year.
“This reflects the favourable impact of foreign exchange movements, the organic growth of the Group’s operations in the Americas as well as a number of successful acquisitions in the region in recent years,” said Mr Moore.
He said the group remained “well positioned with a strong and diverse global platform and specialist skills across a range of products and asset classes”.
“All of this built on the foundation of a strong balance sheet, significant surplus capital, a robust liquidity and funding position together with a conservative approach to risk management.”
