Restructuring at TD
Restructuring rumours at TD and that Global Head of Energy IB was fired? Is that true?
Who is replacing him? Another Cowen banker?
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Canada team is outperforming the US team
Both teams are struggling in league tables
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Who is the global head at TD? Alec?
That office has struggled in the US for a long time
yes
Which office are you referring to?
Houston. Alec led Oil and Gas teams in both Houston and Calgary.
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Alec had been planning on retiring for a while. Believe the prev head of P&U (John Kroeker) is the new Co-Head alongside Scott Baron from Calgary
Tim Balombin in Houston will report to Scott Barron in Calgary?
He was fired for missing revenue targets. TW ran out of patience. SB is next if deal fees don’t improve
How does hiring for these positions even work? Doubt they self promote right? Do they try to lure in a big fish similar to how Moelis did a few years ago?
Head of IB with input from executive MDs and Chairs
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Word is TD hit up Kent Ferguson to run energy
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