What’s going on with the mass exodus out of the Barclays Toronto office? Lots of folks jumping over to the Jeffries team. Any insight?

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Targeted effort by Jeffries to strongly establish themselves in Canada. Typically happens when a bank enters a new market. Just funny it was basically all of Barclays senior team.

For those who don’t know:

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Most likely simply because they got the senior guy (Bruce) to join, and then all his proteges, and their proteges in turn, made sure to follow because their careers depend on it. Nothing strange, just how politics work.z

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Basically, the more senior the guy they pull over, the more people are likely to follow along. They pulled a very senior guy, so a lot of people followed along.

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