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Laurentian Bank taps into oil patch with energy banking move Add to ...

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Laurentian Bank of Canada is setting up an energy banking practice in Calgary, despite the collapse in oil prices that has thinned the number of dealers serving the sector.

Montreal-based Laurentian Bank Securities has hired former GMP Capital Inc. energy banker Wade Felesky to lead the effort in the oil patch, which is expected to be a small shop compared with the energy franchises run by the Big Six major Canadian banks.

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