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Article: Macquarie Buys Canadian Firm.
- Article from:
- National Mortgage News
- Article date:
- July 17, 2006
- Author:
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NEW YORK -- Macquarie Group here has entered the Canadian mortgage market through its acquisition of Cervus Financial Corp. for C$12.5 million ($11 million) - a move that strengthens its foothold in North America, where its long-time Australian mortgage chief will be overseeing efforts.
Macquarie's Canadian mortgage business, as well as its U.S. mortgage business, will be overseen by Mike Barrett, who has been the head of the company's Australian mortgage effort. (Craig Thompson, head of business banking for Macquarie in Australia, will be replacing Mr. Barrett as head of the company's mortgage efforts in Australia, according to Linda Henley, chief executive of ...