Greenhill Hires Goldman Sachs’s Mayer to Head Canada Operationby
Steve Mayer to be based in Toronto, report to CEO Scott Bok
Crompton to take senior adviser role for key clients
Greenhill & Co., the investment bank formed by Bob Greenhill, hired Steve Mayer as a managing director to oversee the firm’s Canadian business.
Mayer most recently spent more than 10 years at Goldman Sachs Group Inc., New York-based Greenhill said Monday in a statement. He replaces Brad Crompton, 61, who helped Greenhill develop its business in Canada and will switch to a senior adviser role, working with key clients. Mayer, 48, will be based in Toronto and report to Chief Executive Officer Scott Bok.
Bok has been reshaping management and seeking to expand in regions including Europe and the Middle East. The firm has advised Canadian clients including Toronto-Dominion Bank on its purchase of a Nordstrom Inc. credit-card portfolio. Bok’s company was also hired to work with Concordia Healthcare Corp. in its effort to pursue a potential sale, according to people familiar with the matter.
“We are pleased to recruit a banker of Steve’s caliber as the next generation of leadership for our business in Canada,” Bok said in the statement.
Mergers and acquisitions involving Canadian firms have reached $114 billion this year, up 21 percent from the same period a year ago, according to data compiled by Bloomberg. Goldman Sachs is the leading financial adviser on those transactions, the data show.
Crompton, who formerly led Morgan Stanley’s Canadian operations, created Beaufort Partners in 2005 along with Goldman Sachs’s regional head George Estey. The two sold the boutique firm to Greenhill in 2006. Estey has since joined Evercore Partners Inc.
Mayer worked at Scotia Capital before joining Goldman Sachs, according to the statement. He graduated from the University of Toronto and has an MBA from Columbia University.