Macquarie Bank New York Office Space and Staff Reduction

Macquarie Bank's New York office space has undergone significant changes in recent years. The bank relocated to a new office in Midtown Manhattan in 2014.

The new office was designed to be more efficient and modern, with a focus on collaboration and innovation. Macquarie Bank's investment in its New York office space is a testament to its commitment to growth and expansion in the region.

Macquarie Bank has reduced its staff in the New York office in an effort to streamline its operations and reduce costs. This move is part of a larger effort to adapt to changing market conditions and regulatory requirements.

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Macquarie Bank's new headquarters at 660 Fifth Avenue is a significant addition to the New York City skyline. The building spans 39 stories and features a 250,000 sq ft office space.

The office space is designed to be sustainable, with both the base building and interior workplace targeting LEED Gold certification. This is part of Macquarie's goal to have 80 per cent of employees in sustainably rated premises by FY2025.

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The new façade of the building is a standout feature, with 11x19 foot glass panels providing unobstructed views of the city. This is a significant upgrade from the previous building, which was known as 666 Fifth Avenue.

The office space is designed to foster collaboration and informal interactions among employees, with a central atrium and staff-focused spaces that encourage connection and communication.

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Macquarie's new headquarters at 660 Fifth Avenue boasts an impressive 250,000 sq ft of office space. This significant footprint is a testament to the company's commitment to growth and innovation in the region.

The office space is spread across seven interconnected floors, providing ample room for employees to work and collaborate.

Macquarie's goal is to have 80% of employees in sustainably rated premises by FY2025, and the new headquarters is contributing to this target. The base building and interior workplace are both targeting LEED Gold certification.

The custom glass facade of the 39-story office building features 11x19 foot glass panels, providing unobstructed views of the city and maximizing daylight. This design choice is a significant departure from traditional office building facades.

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Macquarie laid off 15% of its US investment banking workforce this month to replenish its ranks with star performers in North America. This move is part of a larger trend in the industry, as other international banks reconsider their US investment banking strategy.

Macquarie focused on advising on and financing private equity deals to gain investment banking market share with corporate America. This strategy allowed them to make money on most of the deals they chose to underwrite.

The layoffs targeted industry coverage rather than leveraged buyout bankers. This is a notable distinction, as many banks have struggled with "hung" debt deals.

Macquarie's US investment banking division will continue to employ more than 200 staff. They are also looking to hire investment bankers with strong sector expertise.

The bank is exempt from US regulations introduced in 2013 to curb the issuance of junk-related loans due to its foreign funding base. This allows them to focus primarily on the US middle-market, where transactions are smaller than $5 billion.

Macquarie refused to finance Dell Inc's $67 billion acquisition of EMC Corp because its participation in the debt package would have been relatively small. This decision reflects their focus on smaller deals.

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Macquarie Group inked a massive 222,000-square-foot lease at 660 Fifth Avenue in Midtown Manhattan.

The floorplates at this location are huge.

Renovations at 660 5th Avenue have made it sound much better than its previous name, 666.

Macquarie Group inked a massive lease for 222,000 square feet at 660 Fifth Avenue in Midtown Manhattan.

The floorplates in this building are huge, as noted by a commenter.

Nice renovation and 660 5th Ave. sounds much better than 666, as one commenter humorously pointed out.