Ord Minnett has strengthened its Sydney institutional sales capability with the appointment of Karl Guilfoyle, a senior markets executive with extensive experience across global investment banks.

Guilfoyle most recently served as a managing director at Bank of America, where he joined in 2023 to head Australian execution services, overseeing trading and client execution functions in the local market.He stepped down from that position last month.Prior to his time at Bank of America, Guilfoyle built a career spanning several prominent brokerage and investment banking firms.He previously held the role of head of trading at CLSA, where he was responsible for trading operations and execution strategy.

In 2019, he was among a group of approximately 30 bankers who moved to Jefferies Australia, reflecting broader talent shifts within the institutional equities and investment banking sector at the time.

His move to Ord Minnett signals continued competition among Australian broking firms to attract experienced senior executives capable of strengthening institutional client coverage and trading capabilities.

Ord Minnett, a well-established Australian financial services firm, has been expanding its institutional presence, particularly in Sydney, where it services domestic and international investors.

Guilfoyle’s appointment is expected to bolster the firm’s execution expertise and deepen its relationships with institutional clients, as equity markets remain highly competitive and client demand for efficient trading services continues to grow.The hire also underscores ongoing mobility among senior markets professionals within Australia’s investment banking and brokerage industry.