Macquarie Capital ends a bad chapter, breaking an unwritten rule

In the rarefied air of investment banking, Macquarie Capital was always the gold standard. Just not any more. Mostly it’s a lot more competition. But it’s also coming to the end of a particularly bad chapter that’s seen the Silver Doughnut go full Love Island.

Exiting the villa on Friday is Georgina Johnson, the co-head of equity capital markets, the desk that raises vast swaths of money for their clients.

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