A Bay street sign is seen in the financial district.Mark Blinch/The Globe and Mail
Canaccord Genuity Group Inc. has lost its head banker in Montreal.
Pierre Fleurent, who had worked for Canada's largest independent brokerage firm for the past three years, is no longer with the company.
"Pierre has accepted a position outside of investment banking and will continue to be available as a special advisor on select projects," Dan Daviau, chief executive officer of Canaccord, wrote in an e-mail to The Globe and Mail. "We continue to have a team in place to ensure seamless transition of coverage."
According to his personal website, Mr. Fleurent was the lead banker on the 2014 initial public offering for Lumenpulse Inc., which Canaccord led. Earlier in his career, Mr. Fleurent spent more than two decades at RBC Dominion Securities Inc.
He is the third high-profile banker to leave Canaccord in the past few months. In June, the firm lost technology banker Sanjiv Samant and Justin Bosa, who headed the real-estate group; both left for positions at bank-owned dealers.
A few weeks ago, Canaccord announced the hiring of Mike Lauzon, previously of CIBC World Markets, to replace Mr. Samant. Canaccord promoted Dan Sheremeto from within to replace Mr. Bosa.
Last week, Canaccord unveiled results for the quarter that ended June 30 that were in line with expectations. The firm is back in the black after posting three straight quarterly losses, thanks in part to aggressive cost cutting and strong performance at its U.K. wealth management division.