Bay Street Buzz
This information courtesy of Bill Vlaad, of Vlaad & Co.:
“Doug Guzman has been promoted from the Head of Investment Banking, Canada of RBC Capital Markets (“RBC CM”) to the Head of Global Investment Banking.
In New York, RBC CM has brought on seven investment bankers from Bear Sterns into their Municipal Finance Healthcare group. Kathy Costine, Rae Boylan and Nelson Luria are joining as Managing Directors while James LaVigne is a Director. Additionally, Marcella Finkel and Evie Wang are joining as Vice Presidents and Sonal Bose as an Associate.
Further additions at RBC CM New York are Paul Zingarini as Managing Director and Head of Secondary Loan Trading and Richard Rothschild as Managing Director in the Global Syndicated Finance Sales group. Both Paul and Richard were at Citigroup.
Top ranked Technology Analyst David Hodgson is joining Gluskin Sheff & Associates as an Analyst, focusing on the portfolios managed by William Webb.
Patrick Morton is moving from RBC CM’s Toronto office to their London office to continue working as a Precious Metals Research Associate.
CanDeal has made a couple of additions. Tristan Michela has been named Executive Vice President. He was previously the Director of Fixed Income Electronic Trading at RBCCM. Aubrey Baillie is returning to CanDeal as their CFO from ZipLocal a Canadian search engine.
Oil & Gas Research Analyst David Beddis is joining Cormark Securities from GMP Securities.
Precious Metals Research Associate Steven Ko is moving from Blackmont to Canaccord Capital.
Eric Winmill has joined the Equity Research team at Wellington West Capital Markets and will be working with Robert Winslow. Eric was previously with Regent Securities Capital.
Over at the Private Capital group of Ontario Teachers Pension Plan Andrew Claerhout, Shael Dolman and Glen Silvestri have been promoted to Vice Presidents.
CIBC Global Asset Management has hired Duncan Webster as their new Chief Investment Officer from Allianz.
Bill Vlaad
bill@vlaadco.com, 647-426-3890 (Direct)”
MRM
Investment banks following the money trail are shifting some top earners to Dubai to help tap the booming oil-rich Persian Gulf economies and the estimated $1.5 trillion held by sovereign wealth funds there.