Looking up at four of Canada's major banks from the southwest corner of King Street West and Bay Street in Toronto on March 30, 2015.Fred Lum/The Globe and Mail
Canaccord Genuity's new head of Canadian capital markets is kicking off the new year by lining up the team he wants in place.
In October the dealer hired Pat Burke, a former Scotia Capital executive, to run its Canadian capital markets arm. On Tuesday Mr. Burke announced a number of changes to the team under him to help run the business.
Until now Canaccord had co-heads for its institutional equity sale teams, but one of them, Graham Saunders, is moving into an equity capital markets role, which is a hybrid between investment banking and and sales and trading. Mr. Saunders is now head of capital markets origination, and will work closely with Ron Sedran, who oversees syndication. Jason Melbourne becomes sole head of Canadian institutional equity sales.
On the sales desk, Canaccord has hired two people from Scotia Capital (Mr. Burke's old shop) – additions that were announced internally right before Christmas. Jason Sleeth and Greg Huffman have joined as managing directors.
In investment banking, Ted Hirst becomes head of resources for Canada, with a particular focus on mining. Mr. Hirst as a long mining background, having been head of North American mining at CIBC World Markets back in the day. His appointment also comes as Canaccord hires two new managing directors in Calgary to oversee energy coverage – Trevor Anderson and Neil Duffy. The two additions help fill a hole created by the departure of former energy head Bruce Mcdonald in 2015.
In research, Kelly Bourque is now both a managing director and head of business management.
The changes come after a tumultuous year for Canaccord Genuity that saw key members of its capital markets team leave for various reasons. On top of Mr. McDonald, former global head of investment banking Phil Evershed also left in 2015, as did former Canadian capital markets head Matt Gaasenbeek.
Tim Kiladze