Macquarie Global Investments (MGI) has signalled that it will add more boutiques to the business as it launches its latest venture Queen Street Partners.
Queen Street Partners will be led by Steven Vaughan, who previously ran his own consultancy Dr Steven Vaughan and Associates.
The firm is 100 per cent backed by Macquarie but branded under MGI and has already secured the interest of large superannuation funds and institutional investors.
MGI head Matthew Rady said the group is looking to add more businesses in a similar capacity.
"We are in talks with two other boutiques about a similar deal but they are in different phases of discussion," Rady said.
"Our focus is on incubating boutiques that will provide us with products suited to institutional clients that can also be distributed offshore."
MGI already had a relationship with Vaughan who advised the businesses when it took a 49 per cent stake in New Zeeland fund manager Brook Asset Management.
"We have worked with Dr Vaughan for three years and have been talking to him for a while about joining us," Rady said.
MGI's current product range includes Macquarie Private Portfolio Management, which manages in excess of $1.5 billion in individually managed portfolios, the Macquarie Professional Series, which has raised more than $1 billion from Australian retail and institutional investors, and the Macquarie Pastoral Fund.
