National Bank recruits analyst from rival

National Bank recruits analyst from rival

National Bank recruits analyst from rival Filling a vacuum left by a departing banking analyst in January, National Bank Financial has recruited fellow analyst Gabriel Dechaine from rival firm Canaccord Genuity, according to the Globe and Mail.

Dechaine has acquired years of experience in sell-side research from working at the former Genuity Capital Markets, as well as Credit Suisse Canada. In his new position, Dechaine will be responsible for covering financial services companies, including banks and insurers.

Dechaine, a University of Calgary graduate, is replacing Peter Routledge, who is held in high regard by other analysts in the financial services industry. Earlier this year, Routledge announced his decision to leave the investment bank and cross over to the public sector as a senior advisor in the federal Department of Finance.

In 2017, big banks face possible threats from slowed domestic growth, as well as tighter federal rules on mortgages. Other potential headwinds include a review of the Bank Act and regulatory changes on lender risk sharing and bail-in debt. Routledge, along with other financial service professionals who moved to the public sphere over the past several years, may be able to influence such policy moves.

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