Macquarie GroupLtd. cut about 15% of its U.S. investment banking staff, Reuters reportedApril 14, citing "people familiar with the matter."
The layoffs involved industry coverage bankers, according tothe report, as the company disbanded the industrials group, and merged the consumergroup with the gaming and leisure group. The health care services information technologygroup joined the technology, media and telecommunications group, while chemicalbankers were added to the infrastructure team.
Jorge Mora, Macquarie's financial sponsor coverage head, assumedresponsibilities for origination.
The U.S. investment banking division will continue to have morethan 200 employees, Reuters said. A source at Macquarie confirmed the layoffs toS&P Global Market Intelligence.