MDs exit Canaccord after pocketing bonuses

The three managing directors are all sector specialists within the mid-cap investment bank's M&A team

Three sector specialists at managing director level are in the process of leaving Canaccord Genuity, days after pocketing their bonus.

Dan Clague, a coverage banker specialising in shipping, is among the departures, according to two people familiar with the matter. The people added that two other senior sector specialists in M&A are also in the process of leaving.

WSJ Logo
JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions