Shortly after the departure of a seasoned energy analyst from its Calgary research department, Macquarie Capital Markets Canada has hired Brian Kristjansen, according to a report from the Globe and Mail
Previously, Kristjansen worked for Dundee Capital Markets, covering small and mid-sized exploration and production companies. He joins Brian Bagnell, another analyst covering oil and gas in Macquarie’s Calgary team.
Kristjansen succeeds veteran analyst Chris Feltin, who was recently appointed as vice-president of corporate planning at Seven Generations Energy. Feltin had worked as an analyst for Australian-based Macquarie and its Canadian predecessor for twelve years.
Other analysts who joined the team this year before Kristjansen did were Gus Papageorgiou from Scotia Capital, Michael Glen from Laurentian Bank Securities, Matt Murphy from UBS Securities Canada, and David Noseworthy from CIBC World Markets.
Macquarie stands in sharp contrast to other foreign-owned banks that have been paring their Canadian operations. Last week, Credit Suisse Group AG cut positions in Canada, letting go of eight employees including some analysts who track financial services, consumer products, and telecom stocks.
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