The Globe and Mail reports in its Thursday edition that Macquarie Capital Markets has hired former
Scotia Capital liability trader
Michael O'Rourke.
The Globe's Niall McGee writes that Mr. O'Rourke, who parted ways
with Scotia Capital in April,
starts with Macquarie
later this month as co-head of
trading in Toronto. Macquarie
is staffing up, particularly in
research, as the dealer increases
its focus on a few select sectors,
including technology and industrials.
Mr. O'Rourke is the second
high-profile hire in recent
months on the sales and trading
desk at Macquarie. In May, David
Ricciardelli, previously with Merrill
Lynch, joined the
firm as head of equity sales.
In line with the dealer's strategy
globally, Macquarie has been
increasing its footprint in technology
and industrials. Gus
Papageorgiou, a tech analyst with Scotia
Capital for many years, joined in
March. He was enticed back to
the sell side after taking a detour
of roughly 18 months into the
private sector.
In April, Michael Glen, an
analyst in industrials previously
with Laurentian Bank,
joined the dealer.
In the spring,
Macquarie got a small piece of
the record-breaking $4.4-billion
TransCanada bought deal.
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