Macquarie Said to Close Latin America Fixed-Income Group
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Macquarie Group Ltd., Australia’s largest investment bank, closed its Miami office and shut down its Latin America fixed-income business, according to a person familiar with the matter.
John Welch, chief emerging-market strategist for the bank, was among those fired in the move, said the person, who asked not to be identified because the information hasn’t been made public. Paula Chirhart, a spokeswoman in New York for Sydney-based Macquarie, declined to comment.