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A security worker stands next to the Macquarie Group logo in central Sydney in this Feb. 9, 2010, file photo.
A security worker stands next to the Macquarie Group logo in central Sydney in this Feb. 9, 2010, file photo.
(DANIEL MUNOZ/REUTERS)

Macquarie cuts real estate, leveraged finance teams to focus on core strengths

Macquarie Capital Markets Canada Ltd. has parted ways with its real estate investment banking team, as well as its leveraged finance group.

Both teams were deemed ‘non-core’ for the investment bank, according to someone familiar with the cuts, and the changes allow Macquarie to focus on its traditional strengths in resources and infrastructure.