Earl Evans, CEO and head of Toronto-based Macquarie Private Wealth (MPW) will take over all retail operations of Macquarie North America.
He remains CEO of MPW in Canada and also becomes the deputy global head of Macquarie Private Wealth worldwide. These changes are effective immediately.
Evans succeeds Matt Rady, the current head of Macquarie’s banking and financial services (BFS) operations in North America, Rady is returning to Australia to take up a new role driving key new strategic initiatives.
Evans has successfully presided over the growth of MPW in Canada since Macquarie established the business in 2010.
He will now become the head of BFS in Canada, which includes MPW, mortgages unit Macquarie Financial and structured products unit Macquarie Global, in addition to his continued leadership of MPW. Evans will also join the global BFS executive committee.
Eric Schimpf, who leads MPW in Australia, New Zealand and India, will become the global head of Macquarie Private Wealth as he takes over responsibility for Macquarie’s worldwide MPW operations.
Evans will work closely with Schimpf as he assumes his role of deputy global head of MPW.