Macquarie Capital Hires Senior Managing Director
Macquarie Group announced that Mark Burton joined Macquarie Capital as a senior managing director covering the banking sector within the Financial Institutions Group.
“We are delighted to announce that Mark is joining Macquarie,” said John Roddy, senior managing director and Macquarie’s global head of financial institutions. “He provides unparalleled insights and relationships into the depository institutions industry as we seek to grow this core franchise.”
Burton, with more than 32 years of investment-banking experience, joins Macquarie Capital after nearly four years at Evercore Partners, where he was a senior managing director and senior advisor. Prior to Evercore, he worked at Lehman Brothers and Barclays Capital for 27 years in a number of senior roles, including vice chairman.
“Mark brings an exceptional level of knowledge and client commitment to Macquarie,” said Rob Redmond, executive chairman of Macquarie Capital in the U.S. and Latin America. “Mark and I worked together for years at Lehman Brothers, and I regard him as one of the leading financial institution bankers on the Street, having advised on a number of the most significant acquisitions in the depository sector in his three decades of work in the industry. It’s great to have him on board at Macquarie.”
Among the transactions on which Mr. Burton has advised are: Banknorth’s sale to Toronto-Dominion, the sale of Riggs National to PNC Financial Services and Charter One’s sale to Citizens Financial.
Macquarie’s growth in the financial institutions’ space includes the recent hiring of Andrew Guida, managing director in Macquarie Capital, to focus on banks, thrifts and specialty finance, and David Konrad as head of U.S. Banks research in Macquarie Securities.