Jul 13, 2026 – 4.33pmAnyone with half an eye on stockbroker Ord Minnett has clocked a series of departures in its corporate finance unit over the past year, particularly in mergers and acquisitions where the team has been hollowed out.By Street Talk’s count, Ord’s corporate finance headcount has fallen from a peak of 23 to 14, with several senior bankers out the door. This includes head of M&A Steven Boggiano, executive chairman Ross Baildon, managing directors Gavan Carroll and Sam Robinson and director David Lenormand.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a banking and financial services reporter for The Australian Financial Review. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Ord’s corporate finance headcount slumps 40pc; ECM rebuild begins
As the firm’s M&A desk hollows out, incoming boss Matt Storey plots an equity capital markets revival.
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