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Rob Djurfeldt has stepped down as managing director and head of ScotiaMcLeod Inc., the brokerage arm of Toronto-based Bank of Nova Scotia.

Djurfeldt, a 28-year veteran at the bank, confirmed in a phone call that he left the brokerage on Wednesday. He declined to comment on the reason for his departure. Djurfeldt’s exit was announced in an internal memo; ScotiaMcLeod representatives could not be reached by press time.

Djurfeldt had been head of ScotiaMcLeod since April 2015. He began his career at the bank in 1991 as a wealth advisor, and moved progressively up to more senior roles.