Australia's Macquarie to wind down US debt capital markets arm, Bloomberg reports
Bloomberg said the move would impact roughly 80 jobs, with some of the affected employees transitioning to new roles, while others leaving the company. The change was communicated during a town hall meeting, the sources added, with Macquarie planning to sell positions it amassed through U.S. debt capital markets activities over the next two years. Macquarie, Australia's largest asset manager, generates revenue through infrastructure ownership, commodity trading in sectors like oil and gas, managing capital raisings for other companies, and offering home loans in its domestic market.