TORONTO, ONTARIO--(Marketwire -04/24/12)- Macquarie Private Wealth today announced the appointment of Mike Philbrick, Senior Vice President and Portfolio Manager, as Branch Manager for the firm's newest office in Brookfield Place in downtown Toronto. Mr. Philbrick will lead an expanding team of advisors as Macquarie continues to add numbers to its ranks of top practitioners.
"Mike is a natural leader and a perfect fit for Macquarie as we grow our presence in Canada," said Earl Evans, CEO and Head of Macquarie Private Wealth. "He has a high-profile following among clients, industry leaders and his peers. In addition, his strong track record in management proves he will excel in the task of managing competing demands as we support our existing team and recruit more advisors in the months ahead."
The branch Mr. Philbrick leads occupies the 33rd floor of prestige address Brookfield Place on Bay Street. Macquarie Private Wealth also occupies the 32nd floor of the same building, where Allan Bramson remains manager of a 44-advisor office.
The decision to expand into a new branch comes as a result of unprecedented growth for Macquarie, which passed the 200-adivsor mark in December and now numbers more than 210 practitioners in 12 offices across Canada, from Victoria to Montreal.
"This is an exciting opportunity for me and a great time to be part of Macquarie's dynamic leadership team," said Mr. Philbrick. "I know my associates and I are looking forward to capitalizing on Macquarie's global strength and strong Canadian footprint to bring exceptional wealth management service to our discerning clients."
In addition to his role as Branch Manager, Mr. Philbrick will sit on the management committee and serve on a number of Macquarie's internal boards and committees.
Mr. Philbrick, a Chartered Investment Manager, Accredited Investment Fiduciary Professional (AIFP) and Portfolio Manager, joined Macquarie Private Wealth in late 2011. He will continue as part of Butler/Philbrick/Gordillo and Associates within Macquarie Private Wealth. Mr. Philbrick was formerly director of wealth management and Toronto branch manager at another firm. In addition to his many years in the financial services field, Mr. Philbrick is a former football player who played with the Hamilton Ti-Cats for eight years, winning the Grey Cup in 1999.
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs more than 15,000 people in over 28 countries. At September 30, 2011, Macquarie had assets under management of $332 billion.
Macquarie has had a permanent and growing presence in Canada since opening its first office in 1998. With regional headquarters in Toronto, Macquarie employs approximately 1,000 people in Canada through 14 offices across the country.