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

Macquarie Group is shuffling its retail management structure, giving more power to Earl Evans, the current head of Canada's private wealth division.

Mr. Evans, who led MPW's move into Canada in 2010, will now be in charge of the banking and financial services business in the country, which encompasses Macquarie's private wealth, mortgage and structured product units.

The promotion means he will add overseeing Macquarie North America's retail activities to his job description. In addition, he will now be the deputy global head of Macquarie Private Wealth's international business.

Mr. Evans takes over the retail responsibilities from Matt Rady, who was in the role for nearly three years and is moving back to Australia (although he will continue to work with the company). The global management of Macquarie Private Wealth will now shift to Eric Schimpf, who led the MPW groups in Australia, New Zealand and India up until now.

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