The former managing director of ’BNP Paribasequities private division, Guy Hedley, has taken over the helm ofMacquarie’s private bankingdivision.
Hedley joins Macquarie after the previous head of Macquarie’s private banking division, Kieran Netting, expressed interest in spending more time on the needs of his private clients.
Hedley’s move into the Macquarie private banking fold follows almost two years as managing director of the BNP Paribas equities private division. During that time he was responsible for establishing BNP’s private banking operations.
Hedley has been part of the financial services industry for 15 years, having joined JB Were in 1987.
In 1993 he was appointed head of private stockbroking at JB Were, where he was responsible for the development and management of all retail stockbroking, asset management, margin lending and fixed interest.
Macquarie financial services division director Peter Coleman says the addition of Hedley makes the group’s private banking services one of the best in the industry. However, Coleman believes there are still areas where the business could grow.
Macquarie recently acquired BNP Paribas’s equities private division.
