Macquarie Group, Toronto, Ontario, reports that David Fleck will become president and chief executive of Macquarie Capital Markets Canada Ltd., effective May 16. As country head of Canada for Macquarie, Fleck will replace Paul Donnelly who will be returning to Macquarie's Melbourne office after almost four years as president and CEO of Macquarie Canada. Fleck will be based in Toronto and report to Roy Laidlaw, group head of Macquarie Capital.

Fleck joins Macquarie after a 19-year career with BMO Financial Group, where he was executive managing director, co-head of equity products and a member of several leadership committees. At BMO, he had overall responsibility for 11 offices across Canada, Europe and the US. Immediately prior to joining Macquarie, he was president of Mapleridge Capital Corp., where he was chiefly responsible for business development and overseeing coverage of a diverse international institutional client base.

Prior to joining Mapleridge in 2009, he joined BMO Financial Group in Toronto in 1989, where he held a variety of senior management and client facing positions. He previously held the roles of head of institutional equity sales and trading, and director of institutional equity sales. He was executive managing director and was a member of BMO Financial Group's performance committee, donations committee and arts committee, and BMO Capital Market's executive committee. During his time at BMO, he developed strategies for restructuring BMO's U.S. and European equity platforms, and was a founding board member of Alpha Trading Systems.

Fleck began his career at Merrill Lynch Canada as an associate in corporate finance and joined Richardson Greenshield Ltd. in its institutional equity sales department before joining BMO.

He is President of Dignitas International, a board member of Soulpepper Theatre Co. and a member of the foundation board for the Art Gallery of Ontario. He holds a BA in Economics from the University of Western Ontario and obtained his MBA from INSEAD.