- Focused on positioning itself as a leader in this emerging disruptive technology
- Hosting inaugural blockchain and technology conference in December 2017
TORONTO, Sept. 27, 2017 /CNW/ - GMP Capital Inc. (GMP) (TSX:
GMP) today announced that its wholly owned subsidiary, GMP Securities L.P. (GMP Securities), launched a dedicated blockchain
technology practice to help corporate clients and investors capitalize on the transformative and disruptive potential of the
blockchain and the emerging digital currency space. The new team will be comprised of investment banking and research
professionals. This expansion into the blockchain ecosystem is reflective of the firm's longstanding commitment to the technology
space and the belief this technology holds the potential to be a significant disrupter across multiple industries.
"GMP is ready for blockchain. You might even say we've been waiting for it," said Harris
Fricker, President and CEO, GMP.
GMP Securities has been an innovator in the Canadian financial services space since inception in 1995. As a non-bank owned
independent, it is recognized as one of the most creative providers of advice and capital raising services to the small- to
mid-cap market in Canada. The Blockchain Team strives to position itself as a leader in this
disruptive technology.
Commenting further, Mr. Fricker said, "We have been on the front lines of technology-driven disintermediation – both as
disrupter and disruptee. We don't get paid to 'touch' transactions as they grind their way through the endless grid of
intermediaries who have for centuries cornered the need to validate the system, its transactions and its participants. And we
don't maintain huge centralized client databases that cobble together systems and processes from different decades. There is no
innovator's dilemma at GMP. So to blockchain, with its revolutionary distributed ledger technology, we have but one thing to
say: Welcome."
GMP Securities is also pleased to announce that it will host the inaugural GMP Securities "Next in Technology" Conference
December 7, 2017 in Toronto. The conference will focus on emerging
blockchain technology and cryptocurrencies and bring together key industry participants, including technology leaders, financiers
and institutional investors, to discuss the most relevant issues facing the industry.
Introducing GMP Securities' Blockchain Practice
The firm's dedicated blockchain practice is an amalgam of thought leaders in the business. The Team believes the algorithm for
wealth creation is rooted in disruption. Blockchain will be the ultimate disrupter.
The Team aims to partner with innovators in the space to drive the adoption of blockchain and facilitate the flow of
investment capital. With its evolving practice, the firm is ideally positioned to partner with technologists, entrepreneurs and
financiers who need help navigating the many tiers of the financial services ecosystem.
To learn more, please visit our corporate website at www.gmpsecurities.com.
FORWARD-LOOKING INFORMATION
This press release contains "forward-looking information" as defined under applicable Canadian securities laws. This
information includes, but is not limited to, statements concerning our objectives, our strategies to achieve those objectives, as
well as statements made with respect to management's beliefs, plans, estimates, projections and intentions, and similar
statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical
facts. Forward-looking information generally can be identified by the use of forward-looking terminology such as "outlook",
"objective", "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue", or similar
expressions suggesting future outcomes or events. Such forward-looking information reflects management's current beliefs and is
based on information currently available to management.
Forward-looking information is not a guarantee of future performance and is subject to numerous risks and uncertainties,
including those described in this press release. GMP's primary business activities are both competitive and subject to various
risks. These risks include market, credit, liquidity, operational and legal and regulatory risks and other risk factors
including, without limitation: variation in the market value of securities, volatility and liquidity of equity and fixed income
trading markets, volume of new financings and mergers and acquisitions, dependence on key personnel and sustainability of fees.
Other factors, such as general economic conditions, including interest rate and exchange rate fluctuations, may also have an
effect on GMP's results of operations. Many of these risks and uncertainties can affect GMP's actual results and could cause its
actual results to materially differ from those expressed or implied in any forward-looking information disclosed by management or
on its behalf. For a description of additional risks that could cause our actual results to materially differ from our
current expectations, see "Risk Management" and "Risk Factors" in the Second Quarter 2017 MD&A and "Risk Factors" in GMP's
annual information form. These risks and uncertainties are not the only ones facing GMP together with its consolidated operations
controlled by it and its predecessors (GMP Group). Additional risks and uncertainties not currently known to us or that we
currently consider immaterial may also impair the operations of the GMP Group. Material assumptions or factors underlying
the forward-looking information contained in this press release include, but are not limited to, "Second Quarter 2017 Financial
Highlights", "Segment Results" and "Liquidity and Capital Resources" sections of the Second Quarter 2017 MD&A. Although
forward-looking information contained in this press release is based upon what management believes are reasonable assumptions,
there can be no assurance that actual results will be consistent with this forward-looking information. Certain statements
included in this press release may be considered a "financial outlook" for purposes of applicable Canadian securities laws, and
as such the financial outlook may not be appropriate for purposes other than this press release. The forward-looking information
contained in this press release is made as of the date of this press release, and should not be relied upon as representing GMP's
views as of any date subsequent to the date of this press release. Except as required by applicable law, management and GMP's
Board of Directors undertake no obligation to publicly update or revise any forward-looking information, whether as a result of
new information, future events or otherwise.
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 in
Canada, the United States, the United
Kingdom, Bahamas and Asia. Wealth Management consists of
GMP's non-controlling ownership interest in Richardson GMP Limited. Richardson GMP Limited, Canada's largest independent wealth management firm, is 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.
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