Long-time mining analyst Fraser Phillips has left RBC Dominion Securities Inc. for a corporate-sector job.
Mr. Phillips began a new role on Monday at Vancouver-based Teck Resources Ltd. He'll serve as the base-metals miner's senior vice-president of investor relations and strategic analysis.
An analyst leaving capital markets for industry is not unusual, and is a theme that has tended to play out in waves over the past few years. In 2013, for example, roughly 15 Calgary-based analysts left research for corporate roles.
"His many years covering the mining industry and deep understanding of global mining strategy make him ideally suited to lead Teck's investor relations function," chief executive officer Don Lindsay said in a press release earlier this month.
Mr. Phillips had more than three decades of experience in research. Earlier in his career, he put in stints at Burns Fry Ltd. and Scotia Capital Inc. He was also head of global mining research for Deutsche Bank Securities for a number of years. He joined RBC in 2004.
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