The Globe and Mail reports in its Tuesday, Nov. 10, edition that Canaccord Genuity has parted ways with senior mining analyst Gary Lampard. The Globe's Niall McGee and Tim Kiladze write that
Canaccord management wrote in an internal note sent to employees, "We thank Gary for his contribution to the mining franchise over the past 11 years and wish him well in his future endeavours."
Mr. Lampard was based in Toronto but had previously done stints in Australia and London. He had covered a broad swath of the Canadian mining industry, including Cameco, HudBay Minerals, Lundin Mining and Teck Resources.
As a result of Mr. Lampard's departure, Canaccord promoted Peter Bures to mining analyst. Mr. Bures is relatively new at Canaccord, having joined in 2014.
On Friday, Canaccord announced a series of deep cuts across its United States investment banking group via an internal note to staff. Fifteen jobs were lost in sales, trading and equity research.
The firm also announced it is getting out of the high-yield fixed income trading business.
As part of the changes, veteran banker Dan Coyne was named United States head of investment banking. Mr. Coyne has been with Canaccord since 1998.
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