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Canaccord hiring M&A bankers, promoting them in the process

Where can you switch jobs and get a promotion these days?

Try Canaccord Genuity. The independent investment bank is said to be recruiting senior M&A bankers from major investment banks in London and raising them up a notch as it does so.

In recent weeks, Canaccord has recruited at least three top M&A people according to headhunters who asked to remain anonymous. The new recruits are said to include Mark Palmer, a former MD in metals and mining at UBS and Manuel Santiago, a managing director and head of oil and gas investment banking at CIBC.  Palmer left UBS in November 2013 according to the FCA Register. A colleague of Santiago's at CIBC confirmed that he's currently on gardening leave.

Canaccord is also said to be hiring an managing director in business services from JPMorgan Cazenove. The latter is said to be a promotion of the kind that is increasingly rare in the current market. "It's incredibly difficult to get a bump-up from ED to MD when you change jobs now," one headhunter said.

Earlier this year, Canaccord hired Shachar Familia, a former executive director from UBS as a special advisor.

Canaccord was not available for comment.

Related articles:

Strong M&A activity bright spot in Wall Street’s sluggish Q1

Here’s how much you can earn as an associate in M&A, city by city

Banks’ weird hierarchies: what analysts, associates, VPs, MDs do really



AUTHORSarah Butcher Global Editor
  • BA
    27 April 2014

    I spent the most productive years of my life working for nearly 20 years for Barclays Bank International ( 33 Old Broad Street , London). When I reached retirement age I claimed my pension but was told that as the economy of the country had collapsed , the pension fund could not realise its investments so that it could pay me my pension.!!!!!! But during those 20 years odd they invested a lot of the pension fund money in the buildings occupied by their branches.
    What a let down from what we thought was a first class reputable financial concern , among the best in the world ?????
    Just shows , you cannot trust them !!!!!!!

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