Investment dealers in Calgary are continuing to migrate to the energy sector.Chris Bolin/The Globe and Mail
An exodus of finance professionals from investment dealers to energy companies in Calgary is not letting up early in 2014.
Add three such departures to more than three dozen over the past two years as the deal flow slowed in the oil patch, shrinking bonus pools among the brokers.
Jon Faber, who was vice-president of investment banking at National Bank Financial in Calgary, has joined Pason Systems Inc. as chief financial officer. Pason is an oil services firm that provides instrumentation to onshore and offshore drilling rigs.
Mr. Faber had specialized on the energy services sector at NBF.
Meanwhile, FirstEnergy Capital Corp. is losing two staffers to industry.
Derek Kreba, vice-president in its acquisitions and divestitures group, has signed on in an engineering role with Beaumont Energy Inc., a small, privately-held company producing light crude oil in southwestern Saskatchewan.
Ian Gillies, who was a research associate at FirstEnergy, has joined the investor relations department at CalFrac Well Services Ltd.
It is not clear when the brain drain on the sell-side might slow, but some analysts have suggested that a recent spate of corporate restructurings, budget cuts and layoffs in the oil industry may stem the tide this year.
Jeffrey Jones