Bloomberg reports Macquarie reports in Australia to calm the US capital market

(Reuters) – Bloomberg News said on Wednesday that Macquarie in Australia is scheduled to be closed, as it plans to focus its resources on private credit credit.

Bloomberg said this step will affect about 80 jobs, as some affected employees move to new roles, while others leave the company.

The sources added that the change was connected during the city hall meeting, where Macquari plans to sell the positions that he collected through American capital market activities over the next two years.

The company said, in an email response to Reuters, that it is familiar with reports and has “nothing to add.”

Macquarie, the largest asset manager in Australia, creates revenues through infrastructure ownership, trading commodities in sectors such as oil and gas, managing capital management operations to other companies, and providing home loans in the local market.

(Chevanji Lahiri in Bangaluru participated in additional reports from Roshan Thomas; Tahrir by Vigay Kishor)