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Investment dealers in Calgary are continuing to migrate to the energy sector.
Investment dealers in Calgary are continuing to migrate to the energy sector.
(Chris Bolin For The Globe and Mail)

Calgary continues to shed investment bankers

An exodus of finance professionals from investment dealers to energy companies in Calgary is not letting up early in 2014.

Add three such departures to more than three dozen over the past two years as the deal flow slowed in the oil patch, shrinking bonus pools among the brokers.

Jon Faber, who was vice-president of investment banking at National Bank Financial in Calgary, has joined Pason Systems Inc. as chief financial officer. Pason is an oil services firm that provides instrumentation to onshore and offshore drilling rigs.