Stockbroker Ord Minnett’s head of research Nick McGarrigle is off to new broker Barrenjoey Capital Partners.
Ord Minnett’s head of research has resigned. Arsineh Houspian
Sources told Street Talk that Ords notified staff of his departure on Tuesday afternoon.
While the internal announcement did not say where McGarrigle was off to, sources told this column he was heading to the Barclays and Magellan-backed Barrenjoey.
It is understood he was hired to work in Barrenjoey’s new small caps team, alongside small cap research sales specialist and ex-UBS operative Chad Mikhael.
Mikhael joined Barrenjoey in October last year, when the start up broker raided UBS’ equities desk, also picking up senior trader George Kanaan, and equity sales operatives Stuart Brownrigg, Tim Aurel-Smith and James Ledgerwood, and Melbourne-based David Pender.