Macquarie’s banking and finance division has had a reshuffle, with the departure of senior advice and research execs, and the creation of a new chief investment officer role.
It is understood that Riccardo Briganti, head of research at Macquarie Private Wealth, has left the company.
In addition, Patrick Dieter, head of insurance advice have parted ways with the company.
John O’Donnell, who was the global head of research at the financial services giant for over 17 years, will take up the newly created role of chief investment officer, banking and financial services.
Macquarie is currently looking to fill the head of advice position. The head of research position at Macquarie Private Wealth will be absorbed in the new chief investment officer position.
Prior to his departure Mr Briganti had spent almost 20 years at Macquarie. According to his LinkedIn he was a senior strategist and senior quantitative analyst before becoming a division director.
Mr Dieter joined Macquarie in 2009 and spent time as head of insurance advice head of paraplanning and head of advice delivery team.
Prior to this he was national risk development manager at Hillross Financial Services and was an assistant commissioner at the Australian Ice Hockey League.
These departures follow that of Tanya Branwhite, who left her position of head of Australian macro research at Macquarie Bank in January.
In February, she took up the position of director of listed equities at the Future Fund.
She had been at Macquarie for 11 years.