Macquarie Financial Ltd.

Macquarie Financial Ltd.

April 03, 2007 08:13 ET

Macquarie Financial Opens Vancouver Office to Serve Key Western Markets

TORONTO, ONTARIO--(CCNMatthews - April 03, 2007) - Macquarie Financial Ltd., one of Canada's most dynamic mortgage lenders, today announced the opening of a Vancouver office that provides regional underwriting service to mortgage brokers in British Columbia and Alberta. The opening marks the latest expansion for Macquarie Financial as it rolls out an innovative model for Canada focused on better serving mortgage brokers across the country. The office will be located in the Park Place building at 666 Burrard St.

With offices in Toronto, Montreal, Calgary and now Vancouver, Macquarie Financial offers residential mortgages through a network of professional mortgage brokers who focus on building long-term relationships with borrowers. Brokers have access to Macquarie Financial preferred rates that are consistently lower than bank posted rates, that they in turn pass on to borrowers without the need to negotiate.

"A Vancouver office is the next logical step for Macquarie Financial, enabling us to be closer to our western broker network and giving us the regional expertise to better serve more localized needs," said Grant MacKenzie, Chief Executive Officer, Macquarie Financial.

"We're in this business for the long-term and there's no better way to show our commitment to the market than to establish a western presence and grow alongside our brokers and customers in the key Canadian mortgage markets of BC and Alberta," added Mr. MacKenzie.

Macquarie Financial focuses on building long-term relationships with mortgage brokers by supporting them on many levels of their business. Brokers are compensated with a unique trailer fee model that pays out a higher rate than competitors over the term of the mortgage, while rewarding renewals on mortgages to encourage a long-term approach to service.

About Macquarie Financial Ltd.

Macquarie Financial Ltd. is a member of the Macquarie Group and is based in Toronto, with additional offices in Vancouver, Calgary and Montreal. Macquarie Financial has close to 100 employees across Canada.

The Macquarie Group (Macquarie) is a diversified international provider of specialist financial and investment banking services around the world. Macquarie employs approximately 10,000 people in 24 countries. Headquartered in Sydney, Australia, Macquarie comprises Macquarie Bank Limited (MBL), the leading Australian investment bank and its subsidiaries and affiliates worldwide. MBL listed on the Australian Stock Exchange in 1996 and today ranks as one of Australia's top 15 companies by market capitalization.

Macquarie Mortgages operates in Australia, the United States and Italy and specializes in the manufacture, distribution, funding and securitization of mortgage solutions.

For more information about Macquarie Financial, visit the website at

Macquarie Financial Ltd. is not an authorized deposit-taking institution for the purposes of the Banking Act (Commonwealth of Australia) 1959, and Macquarie Financial Ltd.'s obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Financial Ltd.

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