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A National Bank of Canada
A National Bank of Canada
(Deborah Baic/The Globe and Mail)

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National Bank hires new head for carrying broker

National Bank of Canada has a new head for its carrying broker business, Correspondent Network, as the company sticks to a sector that others are starting to abandon.

The bank hired Patrick Primerano, who spent 18 years at TD Toronto-Dominion Bank, where he was in charge of institutional services. He fills a post that been empty since the previous head, David Burnes, left in September.