Macquarie Group
ASX : MQG

Macquarie Group

May 04, 2011 07:00 ET

David Fleck Appointed President and CEO Macquarie Canada

TORONTO, ONTARIO--(Marketwire - May 4, 2011) - Macquarie Group ("Macquarie") (ASX:MQG)(ADR:MQBKY) today announced that David Fleck will become President and CEO* of Macquarie Capital Markets Canada Ltd. (Macquarie Canada) effective May 16, 2011. As Country Head of Canada for Macquarie, Mr. Fleck will replace Paul Donnelly who will be returning to Macquarie's Melbourne office after almost four years as President and CEO of Macquarie Canada. Mr. Fleck will be based in Toronto and report to Roy Laidlaw, Group Head of Macquarie Capital.

Mr. Fleck joins Macquarie after a 19-year career with BMO Financial Group (BMO), where he was Executive Managing Director, Co-Head of Equity Products and a member of several leadership committees. At BMO, he had overall responsibility for 11 offices across Canada, Europe and the US. Immediately prior to joining Macquarie, he was President of Mapleridge Capital Corporation, where he was chiefly responsible for business development and overseeing coverage of a diverse international institutional client base.

Roy Laidlaw said: "David is highly regarded within the industry and brings a deep understanding of the Canadian capital markets. He has extensive experience in directing equity transactions, developing new businesses, overseeing client coverage, managing operational risk and supervising the professional development of staff. As President of Macquarie Canada, Mr. Fleck will lead an experienced management team to expand Macquarie's advisory and capital markets franchise."

Mr. Laidlaw thanked Mr. Donnelly for his significant contribution to Macquarie in Canada.

"After integrating Macquarie Canada with Orion Securities Inc. in 2007 and then leading the combined group, Paul oversaw the expansion of our Canadian advisory and capital markets capabilities through further strategic acquisitions and organic build. Beyond natural resources, our offering in Canada today includes real estate, infrastructure, financial services and debt capital markets, mirroring Macquarie's global specialist capabilities."

"Macquarie Canada has significantly grown its market share during a challenging global environment and now ranks as a top 10 equity dealer(1). Paul's achievement is his development of a business that is uniquely positioned to be the leading global financial services firm operating in Canada," Mr. Laidlaw said.

David Fleck – biographical details

David Fleck has more than 25 years' experience in financial services and joins Macquarie after two years at Mapleridge Capital Corporation, a Canadian-based hedge fund with an international institutional client base, where he was President and responsible for business development and overseeing coverage of a diverse international institutional client base.

Prior to joining Mapleridge in 2009, he joined BMO Financial Group in Toronto in 1989, where he held a variety of senior management and client facing positions. He previously held the roles of Head of Institutional Equity Sales and Trading, and Director of Institutional Equity Sales. He served as Executive Managing Director and was a member of BMO Financial Group's Performance Committee, Donations Committee and Arts Committee, and BMO Capital Market's Executive Committee. During his time at BMO, he developed strategies for restructuring BMO's US and European equity platforms, and was a founding board member of Alpha Trading Systems.

Mr. Fleck began his career at Merrill Lynch Canada as an associate in Corporate Finance and joined Richardson Greenshield Ltd in its institutional equity sales department before joining BMO.

He is President of Dignitas International, a board member of Soulpepper Theatre Company and a member of the foundation board for the Art Gallery of Ontario. He holds a BA in Economics from the University of Western Ontario and obtained his MBA from INSEAD.

About Macquarie

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 15,400 people. Assets under management total approximately C$315 billion at September 30, 2010.

Macquarie has had a permanent and growing presence in Canada since opening its first office in 1998. With regional headquarters in Toronto, Macquarie employs approximately 1,100 people in Canada through 14 offices around the country.

Macquarie Capital Markets Canada Ltd. brings together Macquarie's advisory, capital markets and institutional securities' activities in Canada. Macquarie's Canadian advisory and capital markets teams cover a range of corporate advisory and capital markets services, including mergers and acquisitions, capital markets, restructurings, project and structured finance as well as tailored strategic and financial advice. Macquarie's Canadian equities team provides clients with specialist equities research, sales and trading services across key TSX and TSX-Venture sectors.

* subject to regulatory approval

(1) Thomson Reuters, CY2007 - 2010

Contact Information

  • Macquarie Group
    Stephen Yan
    Corporate Communications
    +1 212 231 1310