Raymond James Canada hires former Cormark CEO, Chris Shaw to co-head investment banking

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Raymond James Canada hires former Cormark CEO, Chris Shaw to co-head investment banking
Raymond James Canada hires former Cormark CEO, Chris Shaw to co-head investment banking

Raymond James provides services to corporate issuers as well as individual and institutional clients in Canada.

Chris Shaw, the former CEO of Cormark Securities, has been appointed co-head of Raymond James Financial’s Canadian investment banking division.

Craig McDougall, the head of investment banking and M&A at Cormark, will collaborate closely with Shaw, who worked there for sixteen years as an independent advisor.

In a note to workers, CEO Jamie Coulter stated that McDougall will take over as head of M&A after a six-month transition period, heading the advisory M&A business in Canada.

The business anticipates Shaw joining on April 22.

Raymond James provides services to corporate issuers as well as individual and institutional clients in Canada. About forty individuals make up its investment banking team, which specializes in financial services and mining.

It employs 1,700 people in Canada as agents and staff.

After a prolonged period of stagnation following the central bank’s hike in interest rates, investment banking firms are getting ready to serve their clients.

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