Canaccord Head Energy Banker McDonald Departs After 13 Years

Canaccord Genuity Group Inc.’s top energy investment banker, Bruce McDonald, has left after about 13 years at the Toronto-based firm.

McDonald, a managing director and global head of energy, is no longer employed by the organization, Dan Daviau, chief executive officer of North American capital markets, said Monday in an internal memo, a copy of which was obtained by Bloomberg News.

No reason was given for McDonald’s departure, and a call to his mobile phone wasn’t immediately returned.

McDonald joined Canaccord in 2002 to cover the royalty and income trusts sector, and joined the investment-banking team five years later. He was based in Calgary.

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