National Bank Financial beefed up its coverage of energy stocks on Friday by landing RBC Dominion Securities veteran Matt MacKenzie on its Calgary equity desk.
Mr. MacKenzie will be an energy sales specialist at National Bank Financial, bringing dedicated coverage to a sector that's always been important to domestic institutions, and is attracting increasing attention from international portfolio managers. Mr. MacKenzie spent the past four years focusing on oil and gas stocks for RBC Dominion Securities, and before that he was at Dundee Securities for six years. He starts at National Bank Financial on May 25, after a gardening leave.
National Bank Financial has made a co-ordinated push in the oil patch over the past two years, dedicating an increasing number of professionals and capital to sales, trading, research and corporate finance work on energy plays. This has translated into increasing market share, as the dealer won leading roles in several recent stock sales from oil and gas companies.
The past two years have also seen the global dealers ramp up their presence in Alberta.
J.P. Morgan, for example, just added investment bankers to its existing Calgary commodity trading team. Morgan Stanley is doing all sorts of business in this part of the world.
And if the jungle drums have it right, Deutsche Bank is currently aggressively scouting the oil patch for investment bankers.