Monday, November 9, 2009 12:29 PM
Macquarie lands Merrill bond veteran
Andrew Willis
Macquarie Group backed its bet on Canadian retail investors last week by hiring a veteran of Merrill Lynch’s bond desk to help run its fixed income team.
Macquarie Capital Markets Canada landed Adam Marcus as a senior vice-president for debt capital markets - that job means Mr. Marcus is a link between companies issuing debt and retail and institutional investors. Mr. Marcus was a principal in Bank of America Merrill Lynch. This move was first spotted by the Bill’s Buzz blog run by executive search firm Vlaad and Co.
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The appointment comes in the wake of Macquarie’s $93-million purchase of 130 stockbrokers from Blackmont Capital. The acquisition means Macquarie financial advisors are looking after $7.6-billion of assets, and a substantial amount of this portfolio would be tied up in bonds and other fixed income offerings