Polar Asset Management hires director from Bank of Nova Scotia amid string of departures - Bloomberg

  • Investing.com
Polar Asset Management hires director from Bank of Nova Scotia amid string of departures - Bloomberg

According to a report by Bloomberg, Polar Asset Management Partners has hired Steve McDonald, a former director in Bank of Nova Scotia's treasury group, according to sources who asked to remain anonymous due to the private nature of the matter. McDonald's (NYSE: MCD ) appointment comes amid a recent wave of departures from Scotiabank.

McDonald will join Polar's portfolio risk group as a director and will focus on the risk management needs related to the development of the firm's global rates investment team. This move follows his recent resignation from the Toronto-based bank.

This hiring comes just weeks after Polar recruited Jean-Francois Leclerc from Bank of Montreal (BMO). At BMO, Leclerc had been responsible for structuring credit-risk transfer transactions.

McDonald's departure adds to a growing list of personnel leaving Scotiabank. Jacqueline Kope and Alex Lederman left the bank for RP Investment Advisors, while investment-grade bond trader Matt Evans was hired by Mitsubishi UFJ (NYSE: MUFG ) Financial Group Inc. High-yield bond trader Lisa Chow joined Deutsche Bank AG (NYSE: DB ) in New York, and William Kellett, a managing director on Scotiabank’s foreign exchange desk, also left the bank, sources said in July.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles