The former head of European investment banking at Fox-Pitt, Kelton, who transferred to Macquarie after the Australian firm's acquisition of the financial services specialist last autumn, has become the latest to leave the merged business.

Nick Triggs, head of European investment banking at Fox-Pitt, Kelton, and later a managing director in the financial institutions group at Macquarie Capital Europe, has left, according to a source close to the bank. Macquarie declined to comment.