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The move comes as BMO cuts costs and seeks more growth from digital channels such as smartphones.

Fred Lum/The Globe and Mail

Canaccord Genuity Group Inc. has hired former BMO Nesbitt Burns Inc. banker Myles Hiscock, as it attempts to rebuild its technology, media and telecommunications (TMT) practice. He joins the Vancouver-based broker-dealer as a director.

Mr. Hiscock started his banking career at CIBC World Markets Inc. in 2006, joined BMO as an associate in 2010, and was promoted to director in 2014. He left BMO in June of this year.

"Myles brings more than 10 years of experience to his role, with significant expertise sourcing and executing financing and advisory mandates for a broad range of clients across Canada and the U.S.," Pat Burke, Canaccord's president of capital markets for Canada, wrote in a note to staff.

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In June, Canaccord's TMT group took a hit when both managing director Sanjiv Samant and director Brent Layton left to go to National Bank Financial.

Mike Lauzon, a former 15-year banker with CIBC World Markets Inc., was hired in July to replace Mr. Samant.

In a separate personnel move, Halifax-based boutique brokerage Beacon Securities Ltd. has hired veteran trader Kevin Heffernan for its Toronto office. Mr. Heffernan is returning to the sell side after a spell in the corporate sector. He spent 13 years at Paradigm Capital Inc. before departing for software firm BSM Technologies in 2014. He won't be a stranger on the desk at Beacon. The dealer's two other traders, David Sears and David Suda, are both former Paradigm employees.

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About the Author
Capital Markets Reporter

Niall McGee joined the Globe and Mail in 2014 as a capital markets reporter. Previously, he spent a decade at Business News Network (BNN) as a reporter and segment producer. In 2016, he won a National Newspaper Award (NNA) in business alongside veteran reporter Jacquie McNish for an investigative series into alleged insider trading at online gambling company Amaya Inc. More

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