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National Bank Financial revamps managementCharla Jones/The Globe and Mail

National Bank Financial has hired a new managing director for its Vancouver office.

Dan Barnholden is joining the investment dealer from Cormark Securities to cover mining and metals in Vancouver. At the moment Mr. Barnholden is based in Toronto, but will move west in the coming months.

Mr. Barnholden fills the hole created when former managing director Dan Wilton left to focus on mining at private equity player Pacific Road Group.

The new hire demonstrates that NBF remains committed to mining. In 2011 the bank acquired Wellington West mainly for its wealth management arm, but also kept certain capital markets professionals, including Wellington's mining team in order to bulk up in the sector. Since then, however, the mining market has hit a rough spot and that has hurt deal flow.

Greg Thompson, NBF's current head of investment banking, also came over in the Wellington acquisition.

(Tim Kiladze is a Globe and Mail Reporter.)

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