It 's a tough market for talent in the Canadian securities industry.
The Globe & Mail reports that a Calgary oil analyst turned down a $1.5-mill offer to leave his firm. And a Toronto trader with two years experience turned down $400K from a major bank.
Dundee Securities, eager to expand, is, allegedly, trying to get Stuart Smith out of retirement even though The Investment Dealers Association insists that he get a psychiatrist's approval before he can return to work.
The former head trader had to leave CIBC World Markets in 2002 for trying to conceal over $4-million in losses.
It's a fascinating article by Sinc Stewart and Andy Willis.
Read the whole thing here.
