Podcasts about Macquarie Group

Story of the Week (DR):Warner Bros. Discovery Reworks CEO Pay, Reducing David Zaslav's Massive Compensation DRDavid Zaslav will take a pay cut after Warner Bros. Discovery splits up—with a big hit to his bonusDavid Zaslav Is Getting a Pay CutWarner Bros to significantly slash CEO David Zaslav's pay packageWarner Bros Discovery CEO David Zaslav Pay to Drop After Company SplitDavid Zaslav's Pay To Be “Substantially” Lowered Ahead Of Split, WBD Says, But CEO Will Still Reap RewardsIf Zaslav hits 100% of his operational and financial goals in the first year after the split, his target pay will be $16.5mn, compared with $37mn in the current contract. If he hits 200% of the targets, it will be as high as $30mn, the company said on Monday.However, the bulk of Zaslav's future pay will be based on stock options after shareholders rebuked a model based on free cash flow generation.The securities filing made late on Monday said the beleaguered media boss would receive about 24mn in WBD shares that could be purchased for the current $10.16 price.If the share price were to double, the package could eventually be worth nearly $250mn.Two weeks after 60% of Warner Bros. Discovery shareholders rejected CEO David Zaslav's $52M pay plan, the Compensation Committee restructured his plan using Hollywood's latest CGI, special effects, and most seasoned stunt doubles: his new plan reduces his annual pay targets significantly–from $37M to $17M if he hits 100% of his targets–but the devil is in the details as he is eligible for $37M if he reaches 200% of his targets and is getting a massive option grant of 21 million shares at an extremely low strike price of around $10 per share, giving him the theoretical opportunity to make $1.4B if Warner Brothers' share price regains its 2021 high of $77.Boeing's longest-tenured director Lynn Good joins the Board of Morgan Stanley just two days after the crash of a Boeing 787 Dreamliner in India killed more than 200 people.Airbnb CEO Brian Chesky says his company is a 'convenient scapegoat' as European cities protest overtourism“In Barcelona, housing prices rose 60% over the past decade, but Airbnb listings actually decreased. So we can't be the culprits.”Corporate Italy lacks female CEOs, stock exchange head warnsClaudia Parzani, the head of Milan's stock exchange: Italy lacks women in position of leadership and that's a cultural issue that the business community needs to fix: “Last year we probably reached the lowest level of female CEOs leading listed companies at Milan's Stock Exchange.” Of course the article provided no data.Australia's highest-paid CEOs revealed — and the one woman on the listShemara Wikramanayake, the only woman in the top 20, made $30 million as CEO of Macquarie Group.Goodliest of the Week (MM/DR):DR: What Is a ‘Fridge Cigarette'? A New Term for Diet Coke Gains Traction. MM DR MM: Lawyers Just Discovered Something About Meta's AI That Could Cost Zuckerberg Untold Billions of DollarsIt spits out large portions of books verbatimMM: Disturbing Test Shows What Happens When Tesla Robotaxi Sees a Child Mannequin Pop Out From Behind a School BusAssholiest of the Week (MM): Musk's xAI Burns Through $1 Billion a Month as Costs Pile Up DRxAI: $12bn/yr burnWe build AI specifically to advance human comprehension and capabilities.Musk says SpaceX vision for Mars will save humanity as he continues to push human extinction fearsOpenAI: $5bn/yr burnOpenAI is an AI research and deployment company. Our mission is to ensure that artificial general intelligence benefits all of humanity.Anthropic: $3bn/yr burnWe strive to make decisions that maximize positive outcomes for humanity in the long run.Act for the global good.Low end estimate to end world hunger per year: $7bnWorld Bank estimate for clean water for all humanity: $150bn/yearNumber of US households without water access: 19mCompliance costs for Clean Air Act: $65bn/yrAnd the great AI investment is getting us…Lowe's CEO says young workers should stay away from the corporate office and close to the cash register"AI isn't going to fix a hole in your roof," Lowe's CEO Marvin Ellison said. "It's not going to respond to an electrical issue in your home. It's not going to stop your water heater from leaking."Amazon CEO tells employees to expect cuts to white-collar jobs because of AIAs ChatGPT Linked to Mental Health Breakdowns, Mattel Announces Plans to Incorporate It Into Children's ToysSeems like, like all tech bro toys, they start with “good of humanity” and end with “rich”Dario Amodei net worth: 1.2bnMusk net worth: 406bnAltman net worth: 1.8bnSpotify's Daniel Ek leads $694 million investment in defense startup Helsing DRPalantir, Meta, OpenAI execs to commission into Army reserve, form ‘Detachment 201'OpenAI wins $200 million U.S. defense contractSpeaking of tech bro middle school manbabies… ever notice how when they're done building their “innocent” empire (paying for things online! 3d goggles! Internet friends!), at some point while swimming in their dual class billions they invest in “defense”?Is it just that middle school boys love things that blow up? Is it really so simple that they all stopped maturing at age 13?Headliniest of the WeekDR: Dimon: CEOs can't expect "everything to be constantly easy"DR: On Juneteenth, Trump says the US has 'too many' holidays "Too many non-working holidays in America … The workers don't want it either!"MM: Jamie Dimon says creating a functional workplace means firing 'a—holes'Who Won the Week?DR: Airbus. Because it's not Boeing.MM: RFK Jr - attacking pharma ads? Good. Healthy Starbucks? Good. Not being involved in starting world war III with Iran? Good. OMG, RFK Jr won the week… PredictionsDR: Tech CEOs start wearing military hats with the main decal being a digital number representing their wealth calculated to the second based on current share price; gold stars representing how many votes per share their class B holdings represent; and stripes represent how many years of college they did NOT attend: 3 stipes meaning they dropped out 2nd semester of first yearMM: Boeing's Ortberg, after reading this paper (Chief executive officer (CEO) Machiavellianism and executive pay.) on how CEOs who act like Machiavelli suggested are successful, decides to fire HALF of Boeing, and give the other half donuts on Fridays in the breakroom because, “...any cruelty has to be executed at once, so that the less it is tasted, the less it offends; while benefits must be dispensed little by little, so that they will be savored all the more.”

Macquarie Group's Andrew Burdick pulls the curtain back on the company's newly reimagined Americas headquarters in Midtown Manhattan. Burdick and CBRE's Lenny Beaudoin discuss how design, flexibility and sustainability can converge to create spaces that foster innovation, support company culture and drive long-term value.· Workplace design can reflect and reinforce your organization's mission and culture. When space aligns with purpose, it becomes a tool for engagement, innovation and long-term employee satisfaction. · Design an office to support various ways of working like collaboration, focus and events. This maximizes space efficiency while supporting evolving work patterns. · Open staircases and shared social zones drive spontaneous interaction, collaboration, creativity and a sense of community. · A great workplace integrates technology seamlessly from smart systems to digital collaboration tools, creating a cohesive experience for in-person and remote colleagues. · Measure engagement and satisfaction and make them the barometer of success.

“Imagine any city with 50% job losses, it's a completely different place. I don't see governments getting things ready. It's going to take time.”   This is a special episode only available to our podcast subscribers, which we call The Mini Chief. These are short, sharp highlights from our fabulous guests, where you get a 5 to 10 minute snapshot from their full episode. This Mini Chief episode features Professor Joel Pearson, Director of Future Minds Lab. His full episode is titled Leading in uncertainty, Future-proofing for the AI Revolution, and De-risking innovation. You can find the full audio and show notes here:

In this episode of Property & Finance, Theo Chambers is joined by Martin Lakos, Division Director at Macquarie Bank. Together, they unpack the current state of market volatility and the broader economic trends influencing investment decisions in 2025. Martin provides expert insights into the global ripple effects of Trump's proposed tariffs and what this means for investor sentiment and international trade. The conversation also explores the economic challenges facing China, its recovery strategies, and how these developments are impacting Australia's export landscape. Shifting focus to the domestic market, they discuss Australia's inflation trajectory, the outlook for interest rates, and how these factors are shaping monetary policy. Martin also weighs in on the housing market, discussing key demand drivers, government policies, and the future of property prices in a high-inflation environment. The episode concludes with future-facing predictions and commentary on market confidence, helping investors better understand where the economy is headed and how to position themselves accordingly.The information shared on this podcast is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain professional advice before acting on this information. Additionally, this podcast may include certain forward-looking statements. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control. You should not place reliance on forward-looking statements.

David Doyle from Macquarie Group joins Morning Movers to discuss this week's top macro headlines including CPI and PPI inflation data. He points to a difference in used cars prices showing a drop in April CPI data versus the Manheim Index actually indicating higher prices, and David believes this could eventually signal a price increase in May's CPI data. His group doesn't believe there will be any rate cuts in 2025, adding that inflationary pressures will be persistent through this year. He believes a "pass-through" effect from tariffs will be fully revealed in the summer months.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

On The Money Café this week, Alan Kohler and James Thomson look into Macquarie Group and ASIC, discuss Trump, tariffs, and China, share their thoughts on the way forward for the Liberal Party, and answer a number of listener questions on housing, superannuation and much more.See omnystudio.com/listener for privacy information.

The labour market maintains its strong momentum but puts a deep rate cut cycle in doubt, AMP economist Diana Mousina explains why. Plus, Xero's CEO on growing the accounting software and Macquarie Group fails to be transparent.See omnystudio.com/listener for privacy information.

The corporate watchdog, ASIC, is suing Australia's largest investment Bank, Macquarie Group, for allegedly engaging in misleading conduct.

The broking arm of Macquarie Group has been taken to court by ASIC over failing to disclose short sales.See omnystudio.com/listener for privacy information.

Northern Hemisphere investors are upbeat as the US-UK trade deal is hailed as a significant milestone, boosting the US dollar but sending US bonds lower as Trump pushes for riskier investments. Airline stocks climb as British Airways' parent plans to acquire 30 Boeing jets, while Tapestry gains on an improved outlook. Meanwhile, Krispy Kreme plunges 25% to a record low after cutting dividends. In Europe, stocks remain mixed following Trump's tariff deal with the UK. In commodities, oil rises 3% on US-China trade optimism, but gold and iron ore slip. Closer to home, Aussie shares are poised for a modest lift on Friday ahead of Macquarie Group’s earnings release. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

“I think the internet will be gone. AIs will have all the information and entertainment for us whenever we want.” In this episode of The Inner Chief podcast, I speak to Professor Joel Pearson, Director of the Future Minds Lab, on Leading in uncertainty, Future-proofing for the AI revolution, and De-risking innovation.

Does the election campaign have what it takes to topple Donald Trump's backdown as the biggest story of the week? Plus a remarkable decision by Macquarie Group, a new record for the Commonwealth Bank, and robots competing in a half-marathon against humans.Sean Aylmer and Michael Thompson go head to head on the top business stories of the week, with Adam Lang picking a winner in a fierce debate.Join our free daily newsletter here!Donate to Sean and Adam’s Ride for Country Kids hereFind out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Donald Trump has gone after US Fed Chair Jerome Powell, but how likely is it that he intervenes? MARKET WRAP: ASX200: down 0.03%, 7,816 GOLD: $3,471 US/oz BITCOIN: $137,947 AUD CBA shares were up more than 4% to $168.00. Macquarie Group announced today it sold its US and European assets to Nomura for $2.8 billion. Shares up ½ a per cent to $180.83 BHP and RIO both closed marginally higher on the news of the reopening of the US based Resolution Copper West African resources hit a fresh 52 week high today to $2.58 up more than 6%. WiseTech down 2.4% to $80.03, TechnologyOne fell 1.5% to $27.68, while NextDC plummeted 6% to $10.48. Yancoal down 1% to $4.76 Woodside and Ampol both dropped more than 1.6%. See omnystudio.com/listener for privacy information.

Wednesday 23 April 2025 Prime Minister Anthony Albanese and Opposition Leader Peter Dutton face off in the third debate with a focus on the cost-of-living, international relations and their individual attributes. And more, including: Macquarie Group sells its public markets investments business in North America and Europe in a major strategy reversal. The latest electric vehicle battery claims to provide 520km of driving after just five minutes of charging. Chinese ecommerce group Shein rings up sales of $1 billion in Australia. US President Donald Trump takes on the Federal Reserve with damaging consequences for financial markets. Join our free daily newsletter here! And don’t miss the latest episode of How Do They Afford That? - do you really need a self-managed super fund? Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Australia's big five banks – ANZ, Commonwealth Bank, Macquarie Group, NAB and Westpac – have all committed to limiting or cutting financing to fossil fuel projects that they feel are not aligned to achieving a net zero future.This requires a lot of work on several fronts, and for investors it's about understanding how realistic the success of such initiatives is – but the data just isn't up to scratch. While our banks are performing well in terms of reporting on Scope 1 and Scope 2 emissions, there's far less transparency around Scope 3 emissions, or their financed emissions.U Ethical stewardship manager and friend of the podcast Rachel Alembakis joins Financial Standard managing editor Jamie Williamson to discuss why the fund manager is so committed to collaborating with Australia's big banks to ensure alignment with the Paris Agreement and improve data accuracy and transparency.This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy

In this episode on Palisades Gold Radio, Tom Bodrovics welcomes back Jaime Carrasco. Jaime is Senior Portfolio Manager & Senior Investment Advisor at Harbourfront Wealth Management. Jaime discusses the current economic landscape and the implications for investors. Carrasco emphasizes the importance of understanding the paradigm shift in the monetary system, particularly the role of gold and silver as sound money. Carrasco highlights that the global economy is facing a debt bubble, where each additional dollar of debt fails to stimulate growth, leading instead to social instability. He argues that this situation is similar to what Latin America experienced, with the US now reaching a critical point. Carrasco believes that the current fiat system is imploding, and gold will play a central role in the upcoming reset of the monetary system. He discusses the rise of gold prices across major currencies, noting that this reflects the decline in purchasing power of fiat currencies rather than an increase in gold's intrinsic value. Carrasco warns against complacency among financial advisors who fail to recognize these systemic changes and advises investors to allocate a significant portion of their portfolios to precious metals, particularly through well-managed mining companies. Carrasco also delves into the role of silver, emphasizing its structural deficit in production relative to demand, especially given the shift toward green energy. He suggests that silver's price will rise significantly as the global economy transitions, offering investors substantial opportunities. The interview touches on geopolitical dynamics, including China's strategic accumulation of gold and its influence on the global monetary system. Carrasco warns against trusting central banks and advocates for individual investors to establish their own "gold standards" to protect wealth. Finally, Carrasco advises investors to focus on stockpicking within the precious metals sector, emphasizing high-quality producers with strong management and leverage to rising metal prices. He encourages a long-term perspective, positioning oneself to benefit from the coming paradigm shift rather than trying to predict short-term price movements. Talking Points From This Episode0:00 - Introduction2:10 - Changing Roles4:30 - Currencies Vs. Gold9:14 - Trump & Debt Bubble15:40 - Tariffs & Positioning23:50 - Silver Opportunity26:20 - Silver Supply Deficit30:15 - M&A Activity Strategy34:08 - Gold & Leverage37:11 - Mkt. Volatility Causes39:08 - A Quiet Fed & Inflation45:42 - Lower Dollar US/China48:42 - When to Sell Gold?57:05 - Concluding Thoughts59:00 - Wrap Up Guest Links:Twitter: https://x.com/ijcarrascoLinkedIn: https://www.linkedin.com/in/carrasco1/Website: https://www.harbourfrontwealth.comE-Mail: jaime@jcwealth.ca Jaime Carrasco is Senior Portfolio Manager & Senior Investment Advisor at Harbourfront Wealth Management. From 2014-2018 he worked as Director of Wealth Management and Associate Portfolio Manager for ScotiaMcLeod. Before this, he worked for Macquarie Group, CIBC Wood Gundy, BMO Nesbitt Burns, Gordon Capital, and Merrill Lynch. Jaime is a leading Canadian investment professional with 25 years of experience providing wealth management and investment counsel to affluent families, businesses, and institutions. He has garnered a reputation for questioning and challenging the status quo and exploring the most innovative investment strategies. Jaime, whose mother tongue is Spanish, also speaks Italian and French. He completed a BA in political science and economics at the University of Toronto in 1988. While a student, he worked for CS Yacht, a company that built luxury sailboats, thus spending his summers as a skipper for the Canadian establishment members. Jaime credits this experience and having survived sailing through Hurricane Bob in 1991. This experience taught him lessons that have become a metaphor for his financial investment stra...

A better outlook on advertising for Seven West Media helped drive it to gains on the market after its half-year report. MARKET WRAP: ASX200: up 0.01%, 8,484 GOLD: $2,941 US/oz BITCOIN: $156,560 AUD Industrial stocks were up 1% percent, while Health Care was the worst sector, down 2.9%. CSL which blamed falling vaccination sales in the US for its earnings of $2.01 billion being below market expectations. Shares finished almost 5% lower, to $256.96. Seven Group jumped 6.1% Seven West Media also gained 6.1%. Nine Entertainment lifted a huge 14%. Gold miners Northern Star up 4%, Evolution gaining 4.9%, and De Grey lifting 3.9%. Macquarie Group was up 1.6% to $231.54 after its 3rd quarter trading update Breville Group down 2.2% despite a 10% increase in revenue, and a 16% lift in net profit to $97.5 million. Dominos Pizza dropped 3.5% to $34.73, potentially driven by profit taking after Friday’s big share price surge. CURRENCY UPDATE: AUD/USD: 62.81 US cents AUD/GBP: 50.9 pence AUD/EUR: 61 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.11 NZ dollars See omnystudio.com/listener for privacy information.

The big banks have continued their stellar run, with a new record high for Commonwealth Bank helping the market back up today. MARKET WRAP: ASX200: down 0.61%, 8,378 GOLD: $2,760 US/oz BITCOIN: $163,460 AUD Commonwealth Bank shares hit a new all-time high, up an impressive 2.6% to $162.64. NAB up 2.5% to $40.38, Westpac rising 2.2% to $34.00, and ANZ 2.6% higher to $30.95. Macquarie Group was also higher. News Corp rose 5.8% to $56.28 after the media company reported second quarter revenues were up 5% Wesfarmers rose 3.2%, and Brambles 2.1%. Beach Energy’s shares dipped almost 5% to $1.44 despite the gas exploration company seeing earnings up 20% to $587 million. Pexa Group lost 3% after it said it expects a $15 million hit in its results. CURRENCY UPDATE: AUD/USD: 62.65 US cents AUD/GBP: 50.2 pence AUD/EUR: 60 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Australian reporting season is about to kick off, so how will company earnings look across February? MARKET WRAP: ASX200: up 0.51% to 8,416 GOLD: $2,887 US/oz BITCOIN: $156,302 AUD Mining & tech stocks led the way, with most of the eleven sectors up BHP rising 1.5%, Fortescue up 2% and Rio Tinto gaining 2.1%. Packaging giant Amcor saw shares up 2.9% to $16.17 after earnings met expectations for the last quarter. Another bid in the race for Insignia saw the wealth management firm rally 6.9% to $4.62 The fire that ripped through a Cleanaway Waste Management depot in Sydney yesterday didn’t make its way to the market, with the company share price flat at $2.70. CSL, Fisher & Paykel and Telix all sinking. Macquarie Group was 3.6% lower despite the other major banks all gaining. CURRENCY UPDATE: AUD/USD: 62.69 US cents AUD/GBP: 50.2 pence AUD/EUR: 60 Euro cents AUD/JPY: 96 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Nicholas Moore AO spent more than 30 years at Macquarie Group, including a decade as CEO. Among other things, he's now Australia's Special Envoy for Southeast Asia, and explains to Sean Aylmer why the region is such a rich opportunity for Australian business.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

In this episode on Palisades Gold Radio, Tom Bodrovics welcomes back Jaime Carrasco. Jaime is Senior Portfolio Manager & Senior Investment Advisor at Harbourfront Wealth Management. They discuss the global economic landscape and the significance of gold in today's context. Carrasco expresses his belief that Trump's election and proposed policies could lead to a reset of debt and potential devaluation of US dollars held in treasuries around the world. He emphasizes the importance of understanding history, as previous periods saw significant increases in dividends from gold mining companies during times of monetary instability. Carrasco encourages investors to consider gold as a hedge against inflation, purchasing power loss, and political instability. He also recommends silver mining companies due to their current undervaluation compared to gold. Central banks are increasingly buying gold as a safe haven asset, and Trump's actions are aimed at rebuilding America for Americans, possibly necessitating a full reset. The location of US gold reserves and geopolitical issues like China's policy in Latin America, Europe's response to immigration, and the US-China-Russia alignment are significant sociological factors affecting the global economy. Despite the current uncertainty, Carrasco advocates for a decentralized world where nations can thrive and encourages investors to consider gold, silver, and Bitcoin as financial lifeboats. Talking Points From This Episode0:00 - Introduction0:42 - Current World State3:30 - S&P Bond Chart10:12 - Gold Bonds & Treasury15:45 - Free Cash Flow Chart19:23 - Hyper Financial World26:00 - Gold & Silver31:02 - Silver Volatility34:02 - Shelton & Blockchain36:20 - Resource Sec. Valuations38:13 - 40-Year Shift?42:22 - A Financial Reset?44:52 - Bonds in a Reset46:22 - PMs & Tariff Risks49:18 - A Double Edged Sword51:53 - Trump Implementation53:30 - European Problems56:00 - Negotiating Peace?1:02:09 - Surviving Inflation1:04:10 - Wrap Up Guest Links:Twitter: https://x.com/ijcarrascoLinkedIn: https://www.linkedin.com/in/carrasco1/Canaccord Genuity: https://www.canaccordgenuity.com/ Jaime Carrasco is portfolio manager at Canaccord Genuity Inc. in Toronto. From 2014-2018 he worked as Director of Wealth Management and Associate Portfolio Manager for ScotiaMcLeod. Before this, he worked for Macquarie Group, CIBC Wood Gundy, BMO Nesbitt Burns, Gordon Capital, and Merrill Lynch. Jaime is a leading Canadian investment professional with 25 years of experience providing wealth management and investment counsel to affluent families, businesses, and institutions. He has garnered a reputation for questioning and challenging the status quo and exploring the most innovative investment strategies. Jaime, whose mother tongue is Spanish, also speaks Italian and French. He completed a BA in political science and economics at the University of Toronto in 1988. While a student, he worked for CS Yacht, a company that built luxury sailboats, thus spending his summers as a skipper for the Canadian establishment members. Jaime credits this experience and having survived sailing through Hurricane Bob in 1991. This experience taught him lessons that have become a metaphor for his financial investment strategies. "Like one's financial wealth, sailing is not about controlling the wind, but rather about adjusting the sails."

Greetings, and welcome back to the podcast.This episode we are joined by Mr. Jamie Mackie who is retired now, but spent 40 years in the investment banking, energy & wealth management sectors. Mr. Mackie's 40 years of experience included roles at Richardson GMP, Macquarie Group, J F Mackie & Company & FirstEnergy Capital where he was an early member of the firm. Mr. Mackie earned a Bachelor's of Science degree from the University of Calgary, and a Master of Science Degree from Yale University. Among other things we disused The Wilson Mackie Days, 150 Years in Calgary & Opportunities in the Wealth Management Sector.Thank you to our sponsors.Without their support this episode would not be possible:Connate Water SolutionsATB Capital MarketsEnergy United Upgrade LabsPipelineonline.caCanadian Energy Executive AssociationSupport the show

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, January 16, 2025. This is Nelson John, let's get started. A group of prominent investors, including Switzerland's Partners Group AG, Canada's Brookfield Asset Management, and KKR, are eyeing a stake in Indian internet services provider Excitel Broadband. They're part of a $200 million equity deal and have signed non-disclosure agreements as part of the process managed by Avendus Capital. Other potential investors like Macquarie Group, Apax Partners, and Actis Llp are also in the mix, reflecting strong interest in the company, which was founded in 2015 and now serves 1 million subscribers across 55 cities. Utpa Bhaskar reports on the potential acquisition of Excitel.  The Indian government is considering a revision of customs duties and procedures in specific sectors for the FY26 Union budget. This initiative aims to make it more appealing for manufacturers of finished goods to also produce components or semi-finished products, thereby enhancing trade ease and export competitiveness. Particularly, the electronics and consumer goods segments, including air conditioners and washing machines, might see duty revisions to encourage domestic production of components, according to Gireesh Chandra Prasad and Dhirendra Kumar's report. This strategy follows the successful model used in the mobile phone industry, where increased customs duty on finished products spurred local component manufacturing. Travel companies are buzzing with excitement as the Maha Kumbh Mela in Prayagraj is expected to draw a staggering 400 million visitors over the next six weeks. This year's festival is extra special, marking a 144-year cycle milestone, and it's triggered a massive demand spike for travel and accommodation. Responding swiftly, Air India has launched daily flights from Delhi to meet the soaring demand, with airfare prices shooting up significantly. Hotels are also seeing a tenfold booking increase, with costs rising across nearby cities like Varanasi, reports Varuni Khosla. Travel agencies, including giants like Thomas Cook, are capitalizing on the surge, rolling out extensive packages that range from basic stays to luxury spiritual retreats. The festival's economic impact is immense, with an expected generation of Rs 2 trillion in revenue, benefiting not just the travel sector but also local businesses across a spectrum of industries.In the chilly fog of the Khanauri border between Punjab and Haryana, a renewed farmer protest simmers along National Highway 52. Thousands of farmers have braved the elements since February of last year, their resolve unshaken by winter's bite, this time demanding legal backing for Minimum Support Prices (MSP) for their crops. These protests, although less vibrant than the massive gatherings at Delhi's borders in 2020, are deeply rooted in concerns over crop pricing. The government does set MSPs annually for 23 crops, but in reality, consistent purchases at these prices are mostly limited to wheat and rice. Farmers argue this system fails to protect them against market volatility, particularly for crops like groundnuts, soybeans, and moong, where they often receive less than the promised MSP. So, is there an end in sight to these protests? Sayantan Bera tackles that question as he takes a deep dive into the ongoing farmers' protests in today's Long Story. The upcoming Union budget is set to show Indian Railways' operating ratio at its best in five years for FY26, thanks to higher freight revenue and increased government funding. This key efficiency metric, which indicates how much the Railways spend to earn ₹100, is expected to dip below 98% for the first time since FY21, signalling stronger financial health and more room for capital expenditure. This improvement follows a few tough years where the operating ratio often exceeded 98%, highlighting financial strains mainly due to heavy pension liabilities, writes Subhash Narayan. However, from FY23 onwards, a rebound in freight and passenger revenues has bolstered the Railways' finances, suggesting a sustainable recovery is in the cards.

Wall Street started the new trading week in mostly positive territory as chip stock boosted the S&P and Nasdaq higher with gains of 0.55% and 1.24% respectively, while the Dow Jones lagged the market with a fall of 0.06%. Market optimism about tech stocks and the earnings growth potential remains elevated which continues to fuel strong tailwinds for the sector.Over in Europe on Monday markets closed higher amid reports Trump's team is considering a plan to impose tariffs on all countries but only on ‘critical imports'. The STOXX 600 rose 0.94%, Germany's DAX added 1.56%, the French CAC climbed 2.24% and, in the UK, the FTSE 100 ended the day up 0.31%.Across Asia on Monday, markets closed mostly lower as investors digested business activity and key data out in specific regions. China's Caixin services PMI index from S&P Global rose to 52.2 in December, the fastest expansion since May last year. Despite this, China's central bank said over the weekend it would implement a ‘moderately loose' monetary policy in 2025. China's CSI index fell 0.16% on Monday, Hong Kong's Hang Seng lost almost 0.5% but South Korea's Kospi Index rose 1.91%.Locally, the ASX raced out of the gates this morning with a strong rally on the back of Wall Street's strength on Friday before pulling back in afternoon trade to close just 0.08% higher as the miners weighed on the market gains despite the tech sector posting a 0.8% gain. The iron ore mining giants came under pressure yesterday amid a decline in the price of iron ore to below US$100/tonne. Singapore's iron ore futures contracts falling below US$100/tonne were the key driver of the spot price decline today as traders exit amid easing demand for the commodity.DroneShield fell over 1.5% on Monday despite the counter-drone technology producer announcing a $9.7m order from a major military customer in Latin America.While Gold Road Resources rose 1.2% after reporting record quarterly production at the 50%-owned Gruyere project with 91,631 ounces of gold produced during the December quarter, significantly above the 68,781 ounces produced in the September quarter.Insignia Financial shares soared over 14% yesterday to a 3-year high after the superannuation company announced it had received a $2.87bn takeover bid from US-based investment manager CC Capital Partners, which trumps the former takeover offer of $2.67bn from Bain Capital. The deal would provide CC Capital with access and market share into Australia's estimated $4.1tn superannuation market which is considered to be the 4th largest in the world.What to watch today:Ahead of Tuesday's trading session on the ASX the SPI futures are anticipating the local market will open the day up 0.15%, extending on the positive finish from yesterday.On the commodities front this morning oil is trading 0.67% lower at US$73.47/barrel, gold is down just 0.06% at US$2636/ounce and iron ore has further weakened to trade down 1.16% at US$99.44/tonne.The Aussie dollar is buying US$0.62, 98.44 Japanese Yen, 50.09 British Pence and NZ$1.11.Trading Ideas:Trading Central has identified a bullish signal on Macquarie Group (ASX:MQG) following the formation of a pattern over a period of 70-days which is roughly the same amount of time the share price may rise from the close of $224.47 to the range of $243 to $248 according to standard principles of technical analysis.And Trading Central has identified a bearish signal on Australian Ethical Investment (ASX:AEF) following the formation of a pattern over a period of 38-days which is roughly the same amount of time the share price may fall from the close of $5.15 to the range of $4.25 to $4.45 according to standard principles of technical analysis.

In today's episode, Managing Partner Craig Emanuel sits down with Michael Lukin, Founder and Group Managing Partner of Roc Partners.Roc Partners have established themselves over the past 25 years as one of Australia's most successful and reputed investors in mid-sized private companies, having made more than 400 investments and now managing more than $8 billion in investor capital. Roc have delivered superior returns of more than 29% IRR pa within Roc's secondaries funds.As Group MD, Mike is responsible for leading client relationships and investment activities in several global markets. Mike was one of the founding partners of Roc Partners following the management buy-out of Macquarie Group's private markets business unit by its senior executives in June 2014. Mike currently serves as director of Roc Partners investee companies StoneAxe, Australia's Oyster Coast, Hirepool, National Dental Care, and Infrastructure Advisory Group. Mike holds a Bachelor of Science Honours, Applied Mathematics, is a Chartered Financial Analyst (CFA) and Associate of the Institute of Actuaries of Australia.  During this podcast, Craig holds an in-depth discussion with Mike on how the Roc business originated, what are secondaries markets, how investors are able to access secondaries, lessons learned in founding one of the country's most respected investment firms, through to the current private market industry dynamics and global outlook.Disclaimer: The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.

The Vietnam-Australia Comprehensive Strategic Partnership has recently been elevated with six key pillars, focusing on areas such as economic cooperation, science and technology, education, defense, energy, and cultural exchange. This marks a significant milestone, unlocking new opportunities for both countries to enhance investment and deepen economic ties.In this week's episode of the Vietnam Innovators podcast, host Hảo Trần welcomes Nicholas Moore, the Australian Special Envoy to Southeast Asia. He was the former CEO of Macquarie Group, brings over 30 years of experience in finance and currently holds prominent roles across several major Australian organizations.Joining him is Louise Adams, Chief Operating Officer at Aurecon. Louise, with over 20 years of experience as a civil engineer, has held senior leadership roles globally. She is a strong advocate for diversity in STEM and one of three Australia-Vietnam Business Champions, dedicated to fostering economic partnerships between the two nations.Don't miss this insightful episode, where we explore the future of Vietnam-Australia collaboration and new opportunities in key sectors!—Listen to this episode on YouTubeAnd explore many amazing articles about the pioneers on Website —Feel free to leave any questions or invitations for business cooperation at team@vietcetera.com—If you come across something intriguing, kindly consider making a donation.● Patreon: https://www.patreon.com/vietcetera● Buy me a coffee: https://www.buymeacoffee.com/vietcetera#Vietnam_Innovators #VI #Vietcetera #Vietcetera_Podcast #VNI_EN_S5_20

In this special live event episode recorded in Melbourne, Inside The Rope celebrates a milestone with its 176th episode, marking the second live event in honor of 175 episodes. The event features an impressive lineup of guests from the world of finance and investment, each bringing their unique insights and experiences to the table. Guest Speakers: Michael Lukin, CFA: Group Managing Partner of Roc Partners, Michael Lukin shares his journey from the management buy-out of Macquarie Group's private markets business to leading client relationships and investment activities across various markets. He provides a deep dive into his experience managing major investments, including companies like StoneAxe and Australia's Oyster Coast. Peter Cooper: The Chief Investment Officer and founder of Cooper Investors, Peter Cooper, brings over 30 years of investment management experience to the stage. He discusses the VoF investment philosophy he developed, which has been instrumental in the success of Cooper Investors across both domestic and international strategies. Samar Mcheileh: Managing Partner at Scale, Samar Mcheileh shares her passion for venture capital and her vision of transforming Scale into a fully-matured fund. Her experience in financial services, including her transformative work at JBWere and her active role in the Australian early-stage ecosystem, adds a dynamic perspective to the conversation.

The Aussie market took a significant tumble today, marking it's biggest decline in 6 weeks, largely influenced by disappointing earnings from major US tech companies, Tesla and Alphabet. This led to a broad sell-off across all sectors, with tech stocks being the hardest hit. Key losers included Macquarie Group and Fortescue Metals, which faced challenges from higher costs and declining commodity prices. Despite the market downturn, Coronado Resources emerged as the top performer, while Regis Resources struggled despite strong production results.  The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

On the Money Café this week, Alan Kohler and Stephen Mayne discuss the latest US political news, put the tech giants under the microscope, ponder what should happen to the CFMEU, preview Macquarie Group's upcoming AGM, and much more!See omnystudio.com/listener for privacy information.

The Nasdaq has rallied yet again, so what can we expect when we hear from a few of the Magnificent Seven this week? ASX200: up 0.50% to 7,971 AUD: 66.22 US cents GOLD: $2,399 US/oz BITCOIN: $100,774 AUD The Nasdaq gaining 1.6% helped local tech companies today, with Wisetech Global up 2.2%, and Xero up 1.8%. Toll road operator Transurban up 1.3% after gaining a new deal with the Queensland government on the state's Logan Motorway. The big four banks all finished higher, but Macquarie Group lost half a percent. Woodside slid again, down 3.7% after its quarterly update, which flagged a cost hike for its Scarborough LNG project. BHP, Rio Tinto and Fortescue all finished down with iron ore futures sinking. Goodman Group, Woolworths and Coles all went backwards. See omnystudio.com/listener for privacy information.

In this episode of Add To Cart, we are joined by Tom Walenkamp, Co founder and CEO of Good Pair Days, a company that have built a custom, personalisation engine to deliver expert wine curation specific to each customer's taste - in their words, it's like you've got a best mate who's an award winning sommelier. A decade after launch, they now have over 65,000 subscribers and were dubbed the ‘Netflix of wine' by Vogue. In this chat, Tom shares how they have taken their personalisation recommendation engine to the next level, why their focus prioritises customer satisfaction and value creation and we hear all about their exciting plans to launch a physical space for wine - not a bar and not a bottle shop, but something quite unique. Tom also gives us an inside tip for ordering wine in a restaurant…cheers to that.Links from the episode:Good Pair DaysDeliver in Person (sponsored)Shopify Plus (sponsored)Questions answered:How have your recommendations got smarter over time? How do you reduce churn?How have you seen machine learning and AI change cover the last ten years?This episode was brought to you by… Shopify PlusDeliver In PersonAbout your host: Nathan Bush from Add to Cart Nathan Bush is a director, strategist and advisor. He has led eCommerce for businesses with revenue $100m+ and has been recognised as one of Australia's Top 50 People in eCommerce four years in a row. You can contact Nathan on LinkedIn, Twitter or via email.About your co-host: Tom Walenkamp from Good Pair DaysTom is the Co-founder and CEO of Good Pair Days, a monthly wine service that offers personalised wine recommendations and a whole lot more. With a background in finance from Macquarie Group and an MBA from INSEAD, Tom has leveraged his expertise to innovate the wine retail industry.You can contact Tom at LinkedInPlease contact us if you: Want to come on board as an Add To Cart sponsor Are interested in joining Add To Cart as a co-host Have any feedback or suggestions on how to make Add To Cart betterEmail hello@addtocart.com.au We look forward to hearing from you! Hosted on Acast. See acast.com/privacy for more information.

We had the chance to sit down and chat with Alice to learn a little bit more about Jane's right hand gal! Alice's expertise lies in Corporate Human Resources with a focus on Learning & Development and Leadership. She completed the Equine Connection Facilitator course in June 2017, enabling her to combine her past business experience with her lifelong passion for horses. Shortly after, Alice joined the Leading Edge team as the Director of Business Development. In 2018 she undertook further training to fulfill the role of Assistant Instructor with the Equine Connection Sydney campus. Working across all our programs, Alice is passionate about ensuring our clients achieve genuine and sustainable growth opportunities through our experiential learning-based curriculum. She brings a wealth of experience in skill development having supported clients through the design and facilitation of programs to build skills such as Leadership, Management, Communication Negotiation and Team Building. Prior to joining the team, Alice was Vice President, Human Resources at the Macquarie Group in New York and Sydney. Through her career she has held a number of HR Business Partner and HR Specialist roles for leading Investment Banks including UBS and Barclays. She started her career in Australia, before spending over 10 years based in the US, UK and Middle East. Alice is an accredited NCAS riding Coach and when not in the office she enjoys riding and spending time with the horses.

Welcome to another episode of the Great Business Minds podcast, the definitive show for the business of digital infrastructure. GBM is brought to you by Preiskel & Co, a leading award-winning City of London law firm, internationally recognised for its expertise in the digital infrastructure industry and the telecoms and tech sector work more broadly. Wherever your legal or regulatory needs are (including outer space) Preiskel & Co LLP can support you, so do feel free to reach out to them at www.preiskel.com.   This week, GBM sat down with Douglas Loewe, the CEO of Kao Data, for an exclusive interview where the executive delves into the future expansion plans and investment landscape of Kao Data across the UK and Europe, shedding light on the increasing demand for AI and intensive computing, as well as the potential opportunities and challenges in the data centre industry. Loewe was asked about his initial experience as the CEO of Kao Data, being roughly 2 months into the role. He shared his insights on the progress and challenges he has encountered, providing a glimpse into his early tenure and the strategic direction he envisions for Kao Data. The discussion then shifted to Kao Data's vision for future expansion across the UK and Europe, particularly in meeting the escalating demand for AI and intensive computing. Loewe elaborated on the company's ambitious plans and strategies to cater to this growing need, outlining their vision for expansion and technological advancement. Given Loewe's background at Macquarie Group, GBM inquired about the current investor sentiment in Europe regarding data centre investments. The conversation then delved into the chief executive's perception of the investment landscape in Europe, accompanied by an analysis of potential opportunities and challenges foreseen for the data centre industry. The interview further explored Kao Data's expansion into “next tier markets” such as Manchester, unraveling the opportunities these markets present for the group's scaling into mainland Europe. Lastly, the conversation touched upon the growth opportunities anticipated for data centers surrounding the Mediterranean mesh, particularly in relation to subsea cable termination points. Here at the GBM podcast, we hope you enjoy this episode and do leave us a review and share it with your contacts. We invite you back again for the next episode with another big name in the digital infrastructure space. If you want to get more from the definitive podcast for the business of digital infrastructure, make sure you subscribe to Great Business Minds. See you soon! /////////////////////// This episode features our commercial partner Preiskel & Co, a leading award-winning City of London law firm, internationally recognised for its expertise in the digital infrastructure industry as well as the telecoms and tech sector work more broadly. Visit www.preiskel.com for more information. /////////////////////// Get more from the GBM Podcast on: Official Website LinkedIn Facebook Instagram Twitter YouTube

In episode 98 of the [i3] Podcast, we are speaking with Will Liang, who is an executive director at MA Financial Group, but is also well-known for his time with Macquarie Group, where he worked for more than a decade, including as Head of Technology for Macquarie Capital Australia and New Zealand. We discuss the application of AI in financial services and wealth management, ChatGPT and how to deal with AI hallucinations. Overview of Podcast with Will Liang 02:30 When I was young I contemplated becoming a professional Go player 05:00 2016 was a life shattering moment for me; Lee Sedol was defeated by AlphaGo 07:00 I think generative AI will be a net positive for society 08:30 The impact of AI on industries will not be equally distributed 15:00 Brainstorming with ChatGPT or Claude 16:00 AI might help us communicate better 19:00 AI hallucinations are actually a fixable problem 22:30 Myths and misconceptions in AI 27:00 Most of the time when ChatGPT doesn't work is because we are prompting it in the wrong way 28:30 Thinking Fast & Slow; AI is not good at thinking slow 29:00 Losing our jobs to AI? It is important to distinguish between the automation of tasks versus the automation of jobs 35:00 When implementing AI, look at where your data is and try to bring your application closer to the data 39:00 Don't trust any third party large language model, instead deploy an open source model into your own cloud environment 43:00 You ask ChatGPT 10 times the same question and it will give you nine different answers. That is a problem. 45:00 Deep fake is a real problem 50:00 Future trends: AI agents 53:00 Generative AI will be more of a game changer for private markets than public markets

General Electric splits into GE Vernova, GE Aerospace, and GE Healthcare, Macquarie Asset Management's Corio Generation invests $50 billion in offshore wind, Mingyang plans a turbine manufacturing facility in Scotland, Avangrid's offshore wind project is approved by the U.S. Interior Department. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard, Joel Saxum. And this is your News Flash. News Flash is brought to you by our friends at IntelStor. And if you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor.com. Macquarie Asset Management, through its fully owned offshore wind unit, Corio Generation, is making a fantastic investment. 50 billion investment in offshore wind over the next seven years. Corio generation, along with partners like TotalEnergies plans to invest in markets, including New York, New Jersey, Scotland, England, Taiwan, and Ireland. Phil, they've hit all the hotspots for offshore wind, but putting 50 billion into that marketplace is massive. Philip Totaro: Yeah. And keep in mind that, we're talking about a market that is likely to be several trillion dollars over the next five to seven years. They're certainly doing their part but also keep in mind that Corio has only really existed, obviously backed by Macquarie Group, but has only really existed for about the past year. I think they just celebrated their one year anniversary very recently. They've come quite far in a short period of time with the deployment of the capital that they've got and the markets that they're looking at are absolutely, the places You want to be, now that the U S has gotten through most of its nonsense and we're getting back on track this is a good market to be in Taiwan's relatively stable. There's a few kind of concerning signals out of there. But for the most part, that's going to still continue to grow and then England and Ireland are absolutely growth markets with a huge pipeline of projects in both those countries. Joel Saxum: 50 billion over the next seven years is their plan. Right now, and correct me if I'm wrong, Phil, but a gigawatt offshore wind farm, fixed bottom, costs between 3 and 5 billion to build, probably about 4 billion. Does that sound about right? Philip Totaro: CapEx costs on an offshore fixed bottom is probably somewhere between 2. 5 and 3 million per megawatt. You can, But yeah, your typical sized project at this point, if it's around a gigawatt in size you're talking about, 3 billion. Joel Saxum: Okay, so we're looking at 15 gigawatts of generation that they could get installed with that 50 billion or something around that. That's huge. That's that will help some countries in some areas hit some generation goals for offshore wind, definitely. And another one to mention here as well, we mentioned on the podcast the other day, but Onyx Insight recently purchased by Macri as a whole. They're also bringing in advanced analytics and tools to the Wind farms that they're installing. Allen Hall: The Scottish Offshore Wind Energy Council added seven new projects, including a Mingyang facility, to the Stage 2 Strategic Investment Model list, which aligns supply chain with developers plans for the ScotWind leasing round.

08th April: Crypto & Coffee at 8

Dougie Schofield Douglas grew up in Eden, on the Far South Coast of NSW, in his parent's rambling garden. This early immersion in Nature has resulted in a practice that reflects on the bodily experience in Landscape. Schofield is an emerging artist currently based in Sydney, NSW. In 2017 he graduated Fine Art (Hons) at UNSW Art & Design, with a major in painting and a minor in printmaking.He has had solo and group exhibitions nationally and has been exhibited internationally in China, Spain, and the Philippines. He currently has work on display in the Macquarie Group collection, Sydney. Douglas is represented in Brisbane, QLD by Aster + Asha Gallery.Schofield's ongoing body of work journals and ponders on the bodily experience in landscape in relation to his gardening practice. As a gardener and horticulturist, the climate and weather are determining factors in daily activities.Douglas notes, “We are witnessing dramatic, unseasonal and severe weather nation and worldwide. My practices of gardening and painting put me in contact with this change daily.”Their work is abstract, gestural and layered. Douglas prefers to work abstractly in an attempt to give non-figurative visual language to the contemporary experience of being in Landscape.Thanks Dougie, so great to meet you and talk about your art practice. 

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market: Automotive Cells Company has secured a €4.4 billion ECA-backed deal to finance three new gigafactory facilities in Germany, Italy and France The Norwegian metals and renewables firm Norsk Hydro has signed a $1 billion multi-currency RCF Nick O'Kane, Macquarie Group's head of commodities and global markets, has departed after 28 years at the firm Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

How is modern technology revolutionizing the real estate syndication space, and what impact does this have on investors and general partners?   In this episode of the Passive Wealth Strategy Show, host Taylor Loht interviews Andy Creebar, the founder of a real estate technology company aimed at transforming real estate syndications. They delve into how Andy's company is streamlining operations for general partners and improving the investment experience. The conversation covers the evolution of technology in real estate, the challenges faced by syndicators, and the future of real estate investments in the context of emerging technologies.    Andy Crebar is a highly experienced professional with 12.8 years of work experience in the financial services industry. He has a strong background in cho and services, and is currently working with an all-star team to unlock the potential of real estate investing. Andy has held various leadership positions, including Co-Founder & CEO at HoneyBricks and Sapling, and Chief of Staff at Credible. He also has experience in investment banking and has worked at Macquarie Group and GE. Andy's expertise and dedication make him a valuable asset in the field of financial services.    [00:00:00 - 00:05:00] The Genesis of Innovation in Real Estate Andy's early exposure to real estate through his architect father. His journey from buying his first property to diving into real estate syndications. The inception of his company to facilitate real estate investments.   [00:05:01 - 00:10:00] Technology: A Catalyst in Real Estate Syndication    The complexity of managing real estate investments and how technology simplifies it. The transition from traditional to modern methods of transaction. The role of GP Flow in streamlining these processes.   [00:10:01 - 00:15:00] Overcoming Industry Challenges    Discussion on the impact of cybersecurity in real estate transactions. The slow adoption of new technologies in the industry. How GP Flow addresses these emerging needs.   [00:15:01 - 00:20:00] Strategies for Scaling in Real Estate Different challenges faced by new and experienced syndicators. Importance of investor acquisition and management. Leveraging technology for efficient marketing and scaling.    [00:20:01 - 00:25:00] Vision and Future of Real Estate Technology Long-term vision for GP Flow and the real estate market. Potential future integrations like AI in managing complex transactions. Ethical considerations and responsibilities of technology providers in real estate.   Quotes:   "Real estate is an incredible vehicle for building and compounding wealth." – Andy Creebar   "Technology is moving so quickly, making things that were impossible a decade ago achievable now." – Andy Creebar   Connect with Andy:   Website: https://www.gpflow.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

The RBA says it has a low tolerance for a slower return of inflation to target than currently expected, implying next week's CPI data will be critical ahead of its Melbourne Cup Day meeting. SBS Finance Editor Ricardo Gonçalves takes a look at the board's October board meeting minutes with Martin Lakos from Macquarie Group. Plus, Andrew McKellar from Australian Chamber of Commerce & Industry (ACCI) explains why the US has overtaken China as the most common trading partner for Australian businesses.

Today's guest is Andy Crebar.    Andy is the CEO and co-founder of GP Flow which is on a mission to unlock the potential of real estate. He's spent his career working in fintech and real estate and lives in New York with his young family.   Show summary:  In this podcast episode, Andy Crebar discusses his background in fintech and real estate, as well as the development of GP Flow as a platform to help real estate sponsors and LPs. He explains how GP Flow was created by understanding the pain points of sponsors and LPs and offers insights into their integration with existing CRM workflows. Andy also talks about HoneyBricks, a crowdfunding platform they built using GP Flow, and discusses the Equal Opportunity for Investors Act, a proposed legislation that aims to allow financially sophisticated individuals to become accredited investors. Sam and Andy both express their enthusiasm for the potential impact of this legislation on private real estate investment.   -------------------------------------------------------------- Intro [00:00:00]   Background and Experience [00:00:40]   Development of GP Flow [00:04:11]   The evolution of the real estate industry [00:08:31]   Differentiating GP Flow from other investor portals [00:09:45]   Honey Bricks as a crowdfunding platform [00:12:42]   Equal Opportunity for Investors Act [00:17:10]   Expanding the Market for Non-Accredited Investors [00:18:09]   Challenges with Accredited Investor Requirements [00:19:03] -------------------------------------------------------------- Connect with Andy:  Linkedin: https://www.linkedin.com/in/andycrebar/ Twitter: @andycrebar  Web: https://www.gpflow.com/   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Andy Crebar (00:00:00) - For us, it's really just about understand the customers. We'd spend hundreds of hours with GPS watching them use existing tools and asking them, you know, what spreadsheets do you hate? Like, Oh, this spreadsheet always got to come back to this because this thing does that thing. But then you track it here and you're like, okay, there's an opportunity there. And when you hear enough of sponsors talk about the same spreadsheet that they're using to solve a specific problem, it's like, okay, there's something there's something that we can help them be more efficient on board, more capital and, you know, work with more investors.   Sam Wilson (00:00:27) - Welcome to the How to Scale commercial real estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:40) - Andy Graeber is the CEO and co-founder of GP Flow, which is on a mission to unlock the potential of real estate. He spent his career working in fintech and real estate. He lives in New York with his young family.   Sam Wilson (00:00:50) - Andy, welcome to the show.   Andy Crebar (00:00:52) - Thanks for having me, Sam. Excited to be here.   Sam Wilson (00:00:54) - Absolutely. Andy The pleasure is mine. There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now and how did you get there?   Andy Crebar (00:01:03) - Sure. So I started my life in a place called Sydney, Australia, and then moved to the US in 2015 with my my girlfriend, now wife. Since then, I've been working in FinTech as a real estate, as you mentioned. What really changed for me? Probably due to the pandemic over the last ten years, my wife and I had acquired a few single family rentals and apartments, but we got crushed during Covid. Places went empty. We were doing concessions, a ton of management, and then we went really deep on multifamily. We found there's lots of great syndicators across the country, lots of great sponsors, great deals, aligned incentives. So we started a flow that focused on helping build better software for them and unlocking new capital pools and markets and getting more LPs invested in these deals.   Andy Crebar (00:01:44) - Today, as you mentioned, live in New York, we're really excited to share what we do and how we can help both sponsors and LPs in private real estate.   Sam Wilson (00:01:50) - There are a lot of moving pieces. I feel like in that short story you just told 2015, you moved to the States girlfriend, you're involved in fintech. I mean, were you involved in tech before you came to the States? There had to be a background in there somewhere.   Andy Crebar (00:02:05) - I was actually involved in technology banking. I worked at a company called Macquarie Group, which is well known in Australia. They do some stuff around the world but very well known in Australia. Investment banking. I did that for five years, was fantastic. Got knee deep in models and presentations and financial calculus and that sort of stuff. But I knew my future was in technology and knew the best place to be in technology at the time was in San Francisco, so we moved there in 2015, packed up all our stuff, arrived with a couple couple of backpacks and a dream, and we just got underway doing it from there.   Sam Wilson (00:02:38) - Wow. That's really that's that's inspiring. And then you said Covid came around. You owned some single family rentals, maybe some apartments along the way. This is not. But three years ago. And you kind of in my own summary, got your teeth kicked in in Covid. Does that sound about right?   Andy Crebar (00:02:57) - Yeah, that's a good analogy. Let's run with that. Got my teeth kicked in. But my journey with real estate started from a young age. My dad's actually an architect, and he's always taken me around. You know, on weekends it would have been moving my brother or sister change house or helping someone renovate the kitchen or whatever it was. And he taught me two things that really stood out with me. One was how beautiful real estate is, but also how it's a platform for building financial wealth. And those two lessons really stuck with me. So then the first chance I got to buy property was in 2012. We bought a small one better, which we converted to two in a place called Bondi in Sydney, and that's really where I got my fix.   Andy Crebar (00:03:33) - I was like, Wow, we can actually improve these things, generate wealth and also improve the quality of life of people living in these buildings. And that's where we we started aggressively, you know, buying and investing over the last ten years. And we've been lucky to now own property in in Australia, in the US and Canada, which is where my wife's from.   Sam Wilson (00:03:48) - That's really, really awesome. So, so you made it through the but it sounded like in that in that period during Covid, you know, you said you started working with multifamily sponsors and people around the country. You said, okay, and how and in what? In what capacity were you working with them as an investor, As a co-sponsor? As what? What was that?   Andy Crebar (00:04:11) - So it was actually the catalyst is really during Covid, we have a few places in Bondi and in Sydney and Bondi, a tourist town like I think 50% of the apartments get rented out to tourists and backpackers. And when Covid came in, laws came in.   Andy Crebar (00:04:27) - Everyone, all the expats from around the world went home one day, pretty much went half vacant because everyone that you know, might be a Brit hanging out in Australia had to go home now. So all these places were vacant. So we had our places go empty for months. A couple other places in the US also had some challenges around concessions and supporting people to not move them out of their out of the place. And that's when it really switched me, which is like I know real estate to the path, but like managing a single family apartments and houses is really tough to scale, right? That's what led me to multifamily, which was like, Wow, people are doing this at bigger scale with more diversification, better returns and LPs can get 15% of their money investing passively in other people's deals. Wow. That's what we want to go with it. And that's what really let me down the multifamily path and getting started and working with GPS and LPs.   Sam Wilson (00:05:16) - How did you discover the GP flow, your GP flow like it seems like that would have been let me just maybe I'm a slow learner, but the processes that you've developed inside of that would would have probably taken me a decade to figure out.   Sam Wilson (00:05:33) - And it seems like you've somehow taken all of those lessons and compiled them, not just compiled those lessons, but then also made a platform for others to use very, very quickly. How did you do that?   Andy Crebar (00:05:46) - Three two factors in that. So me and my co-founder and my CTO at our last company, we built B2B software in FinTech. It worked out well for us. We'd both be investing in real estate. We hadn't built software for real estate before. And then from going deeply into multifamily, we saw this opportunity around helping GPS raise more capital, do it faster, be more efficient, those sorts of things. There's also this big overarching wave of more and more LPs getting involved in real estate, and I'm sure there's many sponsors listening to this. It's chaos. To get a deal done, you need to finally I said lock it out, those sorts of things. But then chasing around. 5100 different LPs for 50. 100 grand checks using different tools within the CRM. It's in. Hello sign.   Andy Crebar (00:06:31) - It's. Have we got the Y yet? There's just a lot of manual processes and workflows which ultimately prevent sponsors from working with broader audiences. Right Triangle, which is changing, which we can speak about in a moment. And we said, look, there's lots of opportunity here to help us do this better, which ultimately help more LPs get access to the the great returns that private real estate can provide.   Sam Wilson (00:06:53) - Right? So so I and I wholly understand those those pains very, very well. And I think even correct me and this is why I want to hear this, because even. Even with the right systems in place, and I won't name any names, but there's we just launched our latest fund. And even with a fund administrator in place that is handling theoretically all of that investor onboarding and all those systems, it's like, okay, hey, we're going to pay you handsomely to take care of this. Even then, I'm still involved somewhere. Somehow there's a hey, what about and this and wait.   Sam Wilson (00:07:28) - But there wasn't a signature from a and it's like, wow, Like this was supposed to be turnkey. So I feel like there's there's there's no magic pill. But yet you've solved some of the major point pain points, I would think, in the system that you develop. So talk to me about those pain points and what you've done to overcome some of those, such as the ones you just mentioned, where it's Hello signed. Oh, there's this the I mean. Talk me through some of that.   Andy Crebar (00:07:58) - I'll give you the the founder lands and then the real estate lens. So in building software for anyone, like it's always building any business really to really understand your customer, like what are their pain points, how are they using it, those sorts of things. And when you find customers that are using five different tools, do the one thing you know, there's generally opportunity there, which is like, okay, how can we build a better holistic solution for these individuals? In talking about all those different points, solutions and management? There's definitely a lot to it, but that's obviously the beauty of technology because you can automate a lot of this stuff.   Andy Crebar (00:08:31) - Real estate's an incredible industry, but it's often a slow moving industry and there's a lot of wealth with, you know, traditional generations that are used to doing deals in a certain way and those sorts of things. I think that's changing a lot. Now we're seeing more and more syndicators, you know, target, you know, accredited investors or target retail scale really quickly. So we think that industry is evolving and being more receptive to adopt technology and do this stuff in new ways. For us, it's really just about understand the customer. So we'd spent hundreds of hours with GPS watching them use existing tools and asking them, you know, what spreadsheets do you hate? Like, Oh, this spreadsheet always got to come back to this because this thing does that thing. But then you track it here and you're like, okay, there's an opportunity there. And when you hear enough of sponsors talk about the same spreadsheet that they're using to solve a specific problem, it's like, okay, there's something there's something that we can help them be more efficient on board, more capital and, you know, work with more investors.   Sam Wilson (00:09:24) - That makes that makes a heck of a lot of sense. Yeah. I mean, I'm sitting here as you're talking, looking here at your website, and I think it's really, really cool. But this would you categorize this as more than an investor portal? Because there's lots of investor portals out there and it seems like there's more to this than just that.   Andy Crebar (00:09:45) - But of course it's more than an investor portal. We we differentiate across a number of different ways. One thing that you talk about Miami thinking a lot about recently is just the use of a CRM. There's a lot of incredible systems out there, you know, HubSpot, ActiveCampaign, MailChimp, even all these sorts of things. And they've all got really powerful workflows. And 90% of syndicators we work with are using one of those systems. It's really good for automated touch points, for sequences, for workflows, whatever it may be. But when we think about investor portals, a lot of these investor portals have actually built out their own CRM in it, and then it ends up having sponsors, having two databases of like, I've got Sam Smith over here, but actually Sally Smith here.   Andy Crebar (00:10:26) - And is that the same one that signed the subscription docs? And then reconciling those things. So one thing we've focused a ton on is actually building into existing CRM workflows. So sponsors that are managing a pipeline in HubSpot or ActiveCampaign or those sorts of things, as soon as they're moved from stage to stage wide and automatically trigger this thing in flow to send out, you know, signature docs or those sorts of things and really just use one CRM as a source of truth best as having two. So things like that where we're not so much focus on being another investor portal, but really differentiating around how can we do stuff differently or better for how sponsors are using technology differently. Right.   Sam Wilson (00:11:02) - No, you're spot on. Correct. Because that's I mean, even you know, I'm guilty of it. You just touched on a pain point. That's a very, very present reality for me where it's like, oh, hey, cool. I'm really glad that Andy signed up on our investor portal. But does that tie then back into and for us, it's active campaign.   Sam Wilson (00:11:18) - Does that tie back into active campaign and are those two talking? The answer is probably not. And so and that's that's a loss. I mean, my gosh, if people sign up on the investor portal, but then there's never a follow up sequence. If there's never the, hey, by the way, email sent to me or investor relations or somebody else saying reach out to indie. Yeah. And we lost.   Andy Crebar (00:11:41) - Yeah, We see a lot of sponsors try and duct tape these things together with Zapier or other tools, but at the end of the day, you know, it can work If you're managing 100 investors, we want to get to 1000 and do bigger and bigger deals and more and more deals ultimately need to move outside of your personal network of friends and family and attract new investors and nurture new investors. And for that, you need the best serums. And for that, you know, we want to be the investor portal that works with those best CRM seamlessly.   Sam Wilson (00:12:04) - Right. No, I think that's really, really awesome.   Sam Wilson (00:12:07) - Yeah, man. I'm excited to take a demo here of of your product here at VP Flow. That's pretty awesome. Let's talk about the other side of this business because it's one thing. It's one thing for the guy selling shovels to tell you how great the shovel is. It's another thing for the guy selling shovels to be using a shovel himself. Right. And so you've you have built another website and another capital raising platform online that is built off of your flow. Product. Is that right? Can you tell us about that?   Andy Crebar (00:12:42) - Yeah, that's right. We are. We eat our own dogfood at honey bricks. We go.   Sam Wilson (00:12:46) - Like that.   Andy Crebar (00:12:48) - A crowdfunding platform built on Flo. And it's something that they teach a lot in, um, you know, the venture backed technology community, which is like the faster you can start dog feeding your own product and actually be your own customer, you know, the better product you can build. So we, we do that ourselves. A honey bricks, everything at honey bricks Honey Wix.com, which is a crowdfunding platform for for multifamily syndications across the country.   Andy Crebar (00:13:12) - Everything there is running on Flo. So whether it's onboarding investors, accreditation distributions, sending out shares, whatever it may be, that's all using our software. And we've got a ton of learnings and things. We're always going to be improving with the product, but it's been great to actually use it ourselves. You know, we've done ten deals in the last 12 months. We've got a little over 3000 investors on the platform, you know, raising capital for great sponsors, but really just doing it ourselves and showing, you know, keep making the product better and showing that it does actually work.   Sam Wilson (00:13:44) - Right. No, I think that's awesome. So tell me about Honey Bricks. I mean, so you guys are working with great sponsors around the country, but give me kind of the the and it is crowdfunding, but give me kind of more of a of a deeper dive into the product itself. Who's investing on it, how you guys manage that? I mean, that's that's still it seems like even with a great CRM, there's still a lot of moving parts into bringing a sponsor in, getting the deal vetted, getting it approved on the platform, getting investors in.   Sam Wilson (00:14:13) - I mean, there's a lot of moving pieces there. How do you do all that?   Andy Crebar (00:14:16) - Uh, it's quite simple once it's up and running and then using technology. But obviously there are a lot of moving pieces, especially on the regulatory front as you outlined. Uh, but the value prop we provide to, you know, investors that find us and invest in honey bricks is really around three things. The first one that pretty vetted deals. You know there's. Then it's 2 million apartments across the US and prime buildings. You know, there's thousands of syndications every month. We have a team that goes out and finds 100 of these every month and underwrites them ourselves, gets comfortable with the sponsor, the market, you know the deal. And then we'll we'll prove out these things and bring 1 to 2 to the marketplace that we truly believe in. And the second value prop is really around better terms. So these are a fund of funds where we're investing in another operators deal. So they're doing all the real work, you know, actually, you know, renovating the apartment building, finding it diligence and working with tenants, improving the asset, those sorts of things.   Andy Crebar (00:15:10) - So operationally, it's quite an easy lift as far as managing these SPV entities. And the third one is we provide the options for secondary market liquidity after 12 months so investors can sell to other investors in the marketplace after 12 months separate from the deal. So the deal's life lifecycle might be five years after 12 months if Sally wants to sell to Mary. Know they can do that through the platform.   Sam Wilson (00:15:33) - Wow. That's really. Yeah. Solving the liquidity issue is pretty cool. How did how does that work? What is there a loss to the initial investor? Is there like how does what's the liquidity options look like through honey bricks? Because that's there has to be an exchange of value somewhere.   Andy Crebar (00:15:53) - Yeah, We we don't provide, you know, valuation benchmarks. What we do provide is, you know, the issue price here's what the preferred return value would be. Those sorts of things. But it's really up to Sally and Mary. You know, they can post advertisements within the platform and they can, you know, negotiate if they want an anonymous basis.   Andy Crebar (00:16:11) - But we don't set the price.   Sam Wilson (00:16:13) - Sure, sure. And so then they just swap out their position in that particular deal.   Andy Crebar (00:16:19) - Yeah, the particular entity because remember to fund the funds which are separate from the deal. So it doesn't actually influence the the top deal. You know, it actually this influences the SPV with the investors money bricks in it.   Sam Wilson (00:16:30) - Right, right, right. No, that's that's really really So each of your deals on honey bricks is a separate SPV goes live and then investors get in on that. Talking about crowdfunding we've had some new legislation guess come through this has been recorded. August 8th, 2023. So tell me about that. You talk you told me a little bit about this off air and it's some stuff that's new, new news to me. Maybe I'm just two heads down. I don't quite know. But give me give me some color on that and how that's affecting what it is that we are doing.   Andy Crebar (00:17:02) - Yeah, it's it's interesting. It hasn't made more noise, I guess, in the community because we saw it and we said like, that's quite interesting.   Andy Crebar (00:17:10) - We knew it's been coming for a while, but as far as how quickly it's moving through, it has representatives in the Senate. It could be here within the 12 months. And what I'm talking about is the Equal Opportunity for Investors Act. Now, there's a representative from Nebraska, Mike Flood, I think his name is, and he proposed something called the Equal Opportunity for Investor Act, which basically asks FINRa, the SEC, to approve a accreditation test. Right. So not not based off income or no net worth, but an actual test that people that are financially sophisticated can take and then become accredited investors. And why that's interesting is that the approval in the House of Representatives was overwhelmingly positive. It's like 300 to 20 or whatever, whatever it is. And it seems to be moving pretty quickly. It's getting to the Senate. And given that overwhelming response, it's likely it'll get approved quickly by the Senate. So as part of that legislation, they need a test within the next 12 months. So if you work backwards from that and say it takes a few months to get through Senate, it could be with us by the end of 2024.   Andy Crebar (00:18:09) - And why that's important is. If you believe people do not invest in this stuff. And you know, at honey bricks, we only work with accredited investors and we probably get seven out of ten people that want to invest in honey bricks and not accredited, which we politely have to say, sorry, deregulation, we can't work with you just yet. But I think there's a huge market here in the US around non-accredited today. Investors that want to invest in private real estate, they're not sick of the stock market volatility. They want to invest in stuff they understand generate double digit returns. They can't do it. So I think that's a really key piece of legislation that's changing. It's going to be a big change in the amount of capital that's available in private real estate deals.   Sam Wilson (00:18:48) - Oh, man. And the number of people that are highly intelligent, very capable of making these decisions, and yet they can't because they don't meet an income or net worth requirements. Like that's the people that need to be in these deals anyway.   Sam Wilson (00:19:03) - Like mean think about friends of mine that are, you know, they're judges, they're lawyers maybe. I mean, it's like, you know, they're not making half $1 million a year, but they're very smart people. It's like, how? Okay, but you don't meet the accredited investor requirement. This is silly for sure. So yeah.   Andy Crebar (00:19:21) - A lot of benefits with it, you know, think it's there for a reason. But think you're right, there's many very smart, financially savvy people that can want to invest in these deals and could invest in these deals but can't due to the legislation. So that's great to see.   Sam Wilson (00:19:36) - Yeah, absolutely. Absolutely. Yeah. This is this is fun. I'm glad to see your state on the front end of these changes. I mean, getting honey bricks out there, taking advantage of the crowd, funding legislations and laws, then building flow and and making honey bricks run off of it. I mean, those are all very, very cool things. And you love what you're doing here in the real estate space and how you're really bringing new products to the market that are meaningful and making a difference.   Sam Wilson (00:20:02) - So certainly appreciate that. If our listeners want to get in touch with you or learn more about you, what is the best way to do that?   Andy Crebar (00:20:08) - We show up there or sponsor or fund a funds manager head to GP flow. Com. You can learn more about what we do and how we help GP's there. If you're an LP looking to invest in high quality multifamily deals across the US. Check out honey bricks.com. And either way you can always find me and andy@flo.com as well.   Sam Wilson (00:20:27) - Fantastic Andy at flow honey bricks and flow. Make sure we include all of those there in the show notes. Andy thank you again for coming on today. I do.   Sam Wilson (00:20:36) - Appreciate it.   Andy Crebar (00:20:38) - Right on. Thanks for having me, Sam.   Sam Wilson (00:20:39) - Hey, thanks for listening.   Sam Wilson (00:20:40) - To the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show.   Sam Wilson (00:20:56) - It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.

In this episode, we delve into the recent acquisition of DIF Capital Partners by CVC, a European private equity group. Will the deal strengthen DIF's growth prospects and global reach? We also explore Qualitas Energy's refinancing of the Mula photovoltaic solar plant in Spain, the restructuring of the Tees Renewable Energy Plant, and many more key market moves that are shaping the industry.We cover the latest market moves from players such as Harmony Energy Income Trust, Commerz Real, Macquarie Group, and more. Along with highlights from our Q&A with Mark Henderson, CEO of GRIDSERVE, discussing the challenges and successes in upscaling the UK's EV charging infrastructure. We also bring you the latest on the events we have planned for the remainder of 2023, which are set to probe further into pressing themes like regulation, evolving financing structures, and emerging technologies in the energy transition space. We will be venturing beyond London to get closer to local markets.Battery Storage Summit 2023 New Tech, Hydrogen & CCUS Summit 2023 Join us for an in-depth look at the events, transactions, and trends that are shaping the future of energy and infrastructure.Hosted by:Oliver Carr - Lead AnalystZachary Skidmore - Senior Reporter Charles Osborne - Commercial Director  Elsa Fucile - Head of Production Reach out to us at: podcasts@inspiratia.comFind all of our latest news and analysis by subscribing to inspiratiaListen to all our episodes on Apple Podcasts, Spotify, and other providers.

Find out how China's economic slowdown is impacting BHP as SBS Finance Editor Ricardo Gonçalves speaks with CFO David Lamont while Woodside Energy CEO Meg O'Neill provides an update on the company's talks with unions over a planned strike which may impact 11 per cent of the world's LNG Plus, hear from Martin Lakos from Macquarie Group on the day's market action including how food price inflation is easing at Coles.

Our guest for today's podcast is Arun Assumall, Global Head of Cross Asset QIS and Commodity Investor Products at Macquarie Group.  Since joining Macquarie in 2011, Arun has built an impressive global business within the bank by offering sophisticated investors access to beta and risk premia strategies commonly referred to as Quantitative Investment Strategies, QIS.  In a recent article published by Bloomberg, they estimate that over $370 billion in investor assets are currently tied to QIS offered by investment banks. So what does it take to build a global business from scratch?  And how did Arun, who started off in sales, do it?  Humility, luck, and not being afraid to hire people that are smarter than himself…. Congrats to Macquarie on becoming a market leader in QIS and Arun Assumall - a British Indian, an Asian leader, a champion of Diversity, Equity and Inclusion – for leading the way.  And thanks to Arun for sharing his path on this podcast. Without further ado, here is our conversation with Arun Assumall.

Alan Leung is SVP of Threat Intelligence on the Global Security team at Macquarie Group, a global financial services firm. They're one of the world's largest infrastructure asset managers. Alan is an active MCJ community member who a year or so ago started writing his own personal newsletter on climate and geopolitical risk at securingclimate.substack.com. The conversation in this episode is inspired by much of what Alan has written and shared there. Cody and Alan cover a range of topics, starting with a framework for how to think about systemic climate risk, to climate change-influenced conflict, to national responses to the energy transition, and lastly to how Alan thinks adaptation and resiliency responses will evolve.In this episode, we cover: [02:01]: Alan's framework for defining “hazard” and “risk”[04:23]: Examples of climate hazards and impacts [06:19]: Understanding climate's nuanced impact on security and conflicts[09:18]: Early warning signs and triggers for conflict; climate's role in exacerbating risks[10:25]: Water scarcity's role in conflicts in different regions (e.g., Kyrgyzstan, Tajikistan, Uruguay, India, South Africa)[14:52]: The need to accommodate for more extreme swings in weather [18:01]: Rebuilding with resilience and new tech after conflict [21:10]: Global cooperation vs. local protectionism and “geopolitical realities” in the energy transition[27:03]: The need for more investment in resilience and adaptation strategies[30:03]: How insurance companies are reacting to increasing climate risks [33:56]: How organizations can connect risks with opportunities[37:43]: Advice for other risk professionals looking to develop knowledge in the climate space[40:25]: COVID-19's impact on risk thinking, agility, and value of actionable insights[42:50]: An overview of Macquarie Group and Alan's role in the firm [44:47]: Areas where Alan sees opportunities for risk analysis and security in climate solutions[46:39]: How traditional ecological practices especially among indigenous cultures may offer the most resilient solutions[48:41]: Water security and innovation in cooling systemsGet connected: Alan LinkedInCody Simms Twitter / LinkedInMCJ Podcast / Collective*You can also reach us via email at info@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.Episode recorded on Jul 28, 2023 (Published on Aug 7, 2023)

Michael DeLucia  is the Sector Lead for Climate Investing at Wellington, an investment management firm with over $1 trillion assets under management. Before joining Wellington Management in 2021, Mike was a founding partner at ⁠Sidewalk Infrastructure Partners⁠ (SIP), where he led all aspects of the investment process for companies and projects in the infrastructure technology space, focusing.  Prior to joining Wellington Management in 2021, Mike was a founding partner at Sidewalk Infrastructure Partners (SIP), where he led all aspects of the investment process for companies and projects in the infrastructure technology space, with a focus on investments in the energy transition and the built environment. SIP is a spin-off of Alphabet's cities-of-the-future arm, Sidewalk Labs, where he worked as associate director, of investments.  He was also previously a vice president in the Energy Markets Division of Macquarie Group, investing directly in the energy and power sectors. Mike began financing energy companies as a project finance analyst at HSH Nordbank, then as an investment associate at Nereus Capital.  Mike holds a B.A. in philosophy and economics from Brown University. About VSC Ventures: For 20 years, our award-winning ⁠⁠PR agency VSC⁠⁠ has worked with innovative startups on positioning, messaging, and awareness. We are bringing that expertise to help climate startups with storytelling and narrative building. Last year, general partners Vijay Chattha and Jay Kapoor raised a $21M fund to co-invest in the most promising startups alongside leading climate funds. Through the conversations on our show CLIMB by VSC, we're excited to share what we're doing at VSC and VSC Ventures on climate innovation with companies like ⁠⁠Ample⁠⁠, ⁠⁠Actual⁠⁠, ⁠⁠Sesame Solar⁠⁠, ⁠⁠Synop⁠⁠, ⁠⁠Vibrant Planet⁠⁠, and ⁠⁠Zume⁠⁠ among many others.

More gains in tech but the Dow closed. Unlimited Funds' CIO Bob Elliott and Macquarie Group's Thierry Wizman break down the market action. Earnings from HP, HPE and Box. Roger Ferguson, former Fed vice chairman, discusses the latest developments in the debt ceiling talk after an initial agreement was struck between President Biden and Speaker McCarthy. Oil fell under $70 a barrel for the first time in nearly a month; Citi's Ed Morse discusses the recent weakness across commodities. Evercore's Amit Daryanami breaks down earnings from HP and HPE. Plus, Pangaea Policy's Terry Haines talks posturing versus reality in the next 24 hours of the debt ceiling bill.

Mike and Harley visit with the Macquarie Group global strategist, Viktor Shvets, for a fascinating glimpse into a very different future. For more information, visit ⁠www.simplify.us⁠. _______________________________________________________________________________________________________________________________________ Important Disclosures Simplify Asset Management Inc. is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Simplify Asset Management Inc. and its representatives are properly licensed or exempt from licensure. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice. This content is solely for informational purposes and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. These materials are made available on an “as is” basis, without representation or warranty. The information contained in these materials has been obtained from sources that Simplify Asset Management Inc. believes to be reliable, but accuracy and completeness are not guaranteed. This information is only current as of the date indicated and may be superseded by subsequent market events or for other reasons. Neither the author nor Simplify Asset Management Inc. undertakes to advise you of any changes in the views expressed herein.

Major averages finish higher as the markets digest the Credit Suisse rescue. Cantor Fitzgerald's Eric Johnston on why he's still bearish while Macquarie Group's Thierry Wizman discusses the huge swings in the bond market. Glenn Hubbard was the chair of the Council of Economic Advisers under George W. Bush; he discusses what the Fed is watching most closely ahead of this week's rate decision. Our Phil LeBeau on why auto inventories are finally increasing at dealerships while Eamon Javers brings us the big ruling a judge made against JPMorgan in a Jeffrey Epstein lawsuit. Plus, Affirm CEO Max Levchin on where consumers remain strong and where weakness is showing and Cowen analyst John Kernan previews Nike's earnings. 

We continue our Financing the Energy Transition series this week by welcoming Leah Wieczorek into the SmarterMarkets™ studio. Leah is Vice President of Global Carbon at the Macquarie Group. SmarterMarkets™ host David Greely sits down with Leah to discuss the role that banks like Macquarie play in scaling the carbon markets and in financing the energy transition.