Macquarie Group Limited’s (ASX:MQG) is planning to add 50 staff to the to the 200 adviser headcount at its Canadian operations in the next 18 months.
CEO of Maquarie Private Wealth Canada, Earl Evans, has told The Australian the move is part of the investment bank’s ongoing recruitment push.
Mr Evans says assets at the Canadian retail brokerage unit are expected to grow from about $13 billion to $24 billion because of the recruitment drive.
The plans for more Canadian staff contrast with reports Macquarie is cutting staff back home.
The bank reportedly laid off up to 70 staff in its Australian infrastructure technology services group last week as part of a plan to take the jobs offshore to Asia.
In the six months to September 30, 2011 Macquarie Group reported a net profit of $308 million.
