Newsletter March 23

Welcome to the March Edition

MARKET COMMENTARY

of the MRG Newsletter!

As we approach the end of the quarter, we are on target to hit our Group budget numbers – this is great news, although I would caveat that we have incurred higher than expected cost pressures through investment in new people, salaries and infrastructure – all of these are positive, but we need to generate a return on this investment as the year goes on. I am sure we will. There are some impressive results across the teams, with PSEM and UK Global already ahead of budget before month end. MRGPA, PSFM and UK Real Estate are close.

Kawczynski back to MRG this month, signifying a big achievement of opening a new office in mainland Europe. We are looking forward to working closely with Izzy to extend MRG’s reach. As we approach the end of Q1 I would highlight three extraordinary individual performances – Nick, Matt Donovan and Olly are all set to exceed £130k for the first quarter! £500k+ annual run rates! Let’s keep living by our values and apply maximum focus and commitment. If we do this, I am sure we can finish the first Quarter of 2023 on a high.

Welcome to the March edition of the MRG Newsletter. It is hard to believe we’re nearly at the end of Q1, three months into the 2023 and the cold weather feeling particularly tricky to shake off in the UK! There’s been a buzz of energy across the offices, with both Global and UK teams getting together for socials this month – Matthew’s visit to KL tying in with the team social there, and the UK team celebrating the end of the quarter this week. There’s also Easter on the horizon and bank holidays to look forward to both in the UK and South Africa, who also celebrated Human Rights Day on 21st March. There’s also the month of Ramadan beginning in March, signifying a time for prayer, reflection and community for those of us who observe it.

We also welcomed Izabela

Ben Duffill

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Shoutout 7

New Starters, Celebrations &

Welcome & Market Commentary Business Improvment Group

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Office 8

MRG Outside of

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