Canadian investment bank Canaccord Genuity has added Scott Burk to its roster of US equity analysts.

Scott Burk.
While the affiliate of Toronto-listed parent Canaccord Financial does not have any US-listed shipping stocks in its stable of energy and transportation companies, TradeWinds has learned that the group is looking to add a handful of maritime names to its research portfolio.

Burk, who turned free agent following his recent departure from Oppenheimer & Co, is keeping quiet about plan but says he has joined the group at its New York office as a principal covering the US oil service industry.

Energy analyst John Tasdemir, who joined Canaccord’s research team in 2009, will focus on the Canadian oil service sector following Burk’s appointment.

As TradeWinds has reported, the analyst left Oppenheimer & Co when the bank discontinued research coverage of shipping and oilfield services stocks after suffering setbacks fuelled by a “tougher than” expected year on Wall Street.(Copyright)