So, I alluded to a major departure from Canaccord Genuity last week and now I have finally bottomed out the tale.
I understand Jacques Callaghan, one of the City of London's leading investment bankers, has left the beleaguered Canadian outfit for Australian investment bank Macquarie.
From what I can tell. he left Canaccord Genuity a couple of weeks ago and wasn't part of last week's cull.
Callaghan was co-head of European investment banking at Canaccord Genuity and prior to that was a banker that specialised in advising some of the City's most powerful private equity firms on purchasing and selling portfolio companies.
It's not clear what his role will be at Macquarie but it would appear the Aussies are plotting a major expansion in the London/European markets.
Callaghan's move to Macquarie comes after several of his former colleagues quit Canaccord Genuity for rival investment banks and boutiques, such as Smith Square Partners, Stephens and Quayle Munro.
Many of the dealmakers that have left Canaccord Genuity in the last eighteen months are former Hawkpoint bankers.
Stockbroker Collins Stewart acquired Hawkpoint for £150 million in 2006 but was then itself bought by Canacord Genuity for £250 million in 2012.
Macquarie and Callaghan both declined to comment. Canaccord Genuity could not be reached for comment.
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