Skip to main content

The Globe and Mail

Macquarie hires senior energy banker from National

Office workers walk past the company logo in the Macquarie Bank offices in Sydney, Sept. 14, 2007.

Tim Wimborne/Reuters/Tim Wimborne/Reuters

Macquarie Group is adding more Canadian content to the top tier of its energy investment banking group, as the Australian firm is hiring Sandy Edmonstone as its new deputy global head of oil and gas.

Mr. Edmonstone led the oil and gas banking business at National Bank Financial in recent years, helping to push it up the rankings in areas where NBF felt it was lagging. Prior to National, Mr. Edmonstone had been at GMP.

Macquarie has been concentrating management of its global energy banking business in Calgary, after making two big Canadian acquisitions in the space. The bank first bought Orion Securities to get into Canada, giving the Australian firm a focus on resource names. Macquarie later purchased Tristone Capital, a Calgary firm focused on energy property acquisition and divestiture. Canadian business now makes up a substantial chunk of Macquarie's energy activity worldwide.

Story continues below advertisement

A veteran of Orion, Dan Cristall, is now global head of oil and gas banking for Macquarie. In an internal note, Mr. Cristall announced Mr. Edmonstone's hiring as an executive director.

"Sandy's experience and skill set is accretive to our existing talent bench," Mr. Cristall said in the note.

Mr. Edmonstone is expected to split his time between drumming up Canadian deals and working on the international business. He is slated to start at Macquarie in December.

National Bank Financial quietly announced his departure internally this week.

"Sandy helped NBF to grow its energy investment banking practice into a lead position in the highly competitive Calgary market," said National Bank Financial co-chief executive officer Ricardo Pascoe, who runs the financial markets business for the firm. "We thank him for this and wish him well. But he did this by building on our core strengths including a dominant position in lending to junior oil & gas companies, the best commodity hedging team in Canada and our perfectly aligned efforts in investment banking, research and equity sales and trading."

Mr. Pascoe said the firm plans "to appoint a new leader of the team in due course."

Report an error Licensing Options
About the Author

Carrie Tait joined the Globe in January, 2011, mainly reporting on energy from the Calgary bureau. Previously, she spent six years working for the National Post in both Calgary and Toronto. She has a master’s degree in journalism from the University of Western Ontario and a bachelor’s degree in political studies from the University of Saskatchewan. More


The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at