Macquarie Group's move into the domestic retail market got a boost Monday as a Calgary-based investment advisor joined the brokerage house just a few days after it entered the sector.
Macquarie closed its $93-million purchase of the Blackmont Capital's advisor network on Friday, adding 130 stockbrokers to its ranks. On Monday, the firm announced it landed FirstEnergy Capital investment advisor David Barry, who has 11 years of experience in the industry.
The Sydney-based investment bank's goal is to roughly double the number of Canadian investment advisors it employs over the next three years, with former Blackmont CEO Bruce Kagan and Macqurie veteran Earl Evans leading the charge.