NEW YORK, March 5, 2014 /CNW/ - GMP Securities, LLC announced today that
it has continued the expansion of its capabilities in the U.S. energy
sector with the opening of an office in Houston, Texas. The Houston
office is being staffed with an experienced team of investment banking,
research and sales and trading professionals to support comprehensive
coverage of the exploration and production, oil service and shipping /
maritime sectors.
Given GMP Capital's investment and established presence in the Canadian,
European, African, Asian, Latin American and Australian natural
resource sectors, establishing a significant presence in the United
States was a logical next step in the Firm's evolution. The Houston
office will provide a complementary origination capability to GMP's
proven distribution capabilities and allow for the firm's advisory
mandates to be sourced and executed with worldwide reach.
"Expanding our operations in the U.S. provides a highly compelling
opportunity for GMP to expand both its U.S. equity and fixed income
businesses, further diversifying and strengthening our core franchise
capabilities," said Harris Fricker, Chief Executive Officer, GMP
Capital Inc. Commenting further, Mr. Fricker said, "We are excited
about the potential growth opportunities afforded by this strategic
initiative and we look forward to continue building on the growth
momentum we are witnessing across our U.S. platform. Core to our
continued success will be ensuring enhanced global collaboration across
our offices."
ABOUT GMP SECURITIES, LLC
GMP Securities, LLC is a globally-focused brokerage firm specializing in institutional
fixed income sales, trading and research. Today, GMP Securities,LLC is
wholly owned subsidiary of Toronto-based GMP Capital Inc.
GMP Securities, LLC, through its predecessors, was established in 1991
with a focus on sales, trading and research of high yield and
distressed bonds. GMP Securities, LLC quickly grew to include
market-leading convertible bond and international market bond
departments, and more recently established investment grade, MBS and
ABS, as well as select preferred equity and common equity asset
classes. Our New York City headquarters is the focus of sales and
trading activity. Institutional sales coverage is also provided from
branch offices in Connecticut, Dallas, and Miami.
GMP Securities, LLC is an established and recognized trading
counterparty to the industry's leading banks, brokers and institutional
investors, and a source of completely objective securities analysis.
GMP Securities, LLC is recognized for comprehensive knowledge of its
markets, an extensive and wide-reaching network of global counterparty
relationships, and exceptional secondary market trading acumen.
ABOUT GMP CAPITAL INC.
GMP is a leading independent diversified financial services firm
headquartered in Toronto, Canada, providing a wide range of financial
products and services to a global client base that includes corporate
clients, institutional investors and high-net-worth individuals in two
integrated reporting segments. The Capital Markets segment provides
investment banking, including advisory and underwriting services,
institutional sales and trading and research through offices located in
Toronto, Montreal, Calgary, New York, Connecticut, Miami, Dallas,
London, Perth and Sydney. The Capital Markets segment conducts its
business through the following operating entities: GMP Securities L.P.,
GMP Securities, LLC, Griffiths McBurney Corp., GMP Securities Europe
LLP and GMP Securities Australia Pty Limited. Wealth Management
consists of GMP's non-controlling ownership interest in Richardson GMP
Limited and the investment management and alternative investment
products provided by CQI Capital Management L.P. Richardson GMP
Limited is a full-service independent firm focused on providing
exclusive and comprehensive wealth management and investment services
delivered by an experienced team of investment professionals. GMP is
listed on the Toronto Stock Exchange under the symbol "GMP". For
further information, please visit our corporate website at gmpcapital.com.
SOURCE GMP Capital Inc.
