Macquarie Group has chosen a hedge fund executive to lead a Canadian subsidiary.
David Fleck will become president and CEO of Macquarie Capital Markets Canada on May 16. He joins from Mapleridge Capital Corp., the Canadian hedge fund he's served as president and head of business development for two years.
"David is highly regarded within the industry and brings a deep understanding of the Canadian capital markets," new boss Roy Laidlaw, group head of Macquarie Capital, said. "He has extensive experience in directing equity transactions, developing new businesses, overseeing client coverage, managing operational risk and supervising the professional development of staff."
Before joining Mapleridge, Fleck spent 19 years with BMO Financial Group.
At Macquarie Canada, Fleck will replace Paul Donnelly.