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Mendes Leaves CIBC for Macro Strategy Role at Desjardins

Pedestrians are reflected in the window of the Desjardins building in Toronto. — Pedestrians are reflected in the window of the Desjardins building in Toronto.
Photographer: Brent Lewin/Bloomberg

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January 4, 2022, 2:15 PM UTCUpdated onJanuary 4, 2022, 11:04 PM UTC

Desjardins Securities Inc. has hired economist Royce Mendes to be its head of macro strategy, snatching the former central banker to lead a team doing research for the Quebec-based lender’s clients.

Mendes, who worked at Canadian Imperial Bank of Commerce for the past seven years, will start his new job in Toronto on Jan. 17.