Bruce Norgren, CCO, and Michael Novak, chief legal counsel, have both departed Manulife Securities International, for reasons having to do with the recent allegations brought forth by the Ontario Securities Commission against collapse hedge fund Portus Alternative Asset Management, The Globe and Mail reports. Manulife had a referral agreement with the C$800 million hedge fund.

Last week, it was reported that Greg Gray, president and chief executive, left along with Jeff Plate, manager of investment research.

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