 Following a proposal to the Australian Federal Government in 1985, Macquarie Bank Limited was established in February of that year as part of the restructure of Hill Samuel Australia as an independent trading bank.These small steps have led Macquarie Bank to be one of the most successful diversified provider of financial products originating in Australia.Before the merger with TSB Group Plc., Hill Samuel's 1987 Pre-tax profits were primarily of consisted of merchant banking (50%); as well as investment management services (27%); employee benefit services (13%); and insurance (6%).