New four-member team becomes the cornerstone of BMO's expanded
stockbrokerage services for AIM-listed mining, energy and technology
TORONTO, and LONDON, March 6 /CNW/ - BMO Capital Markets, the investment
and corporate banking arm of BMO Financial Group (NYSE, TSX: BMO), has hired a
well-respected team of professionals based in London, U.K., to broaden the
firm's capabilities in serving smaller quoted companies on the Official List
and the Alternative Investment Market (AIM).
BMO Capital Markets has also applied for membership on the London Stock
Exchange and is awaiting final approval.
The team will focus on companies in the resources, energy and technology
sectors that are listed or have intentions of listing on the London Stock
Exchange or AIM, one of the fastest growing stock exchanges in the world.
The new group will be headed by Jamie Strauss, who joins BMO Capital
Markets as Managing Director of UK Equity Products. He will be responsible for
developing and managing an AIM/LSE business as well as continuing as a
specialist mining salesman. Prior to joining BMO Capital Markets, Mr. Strauss
was a founding partner of Hargreave Hale, where he spent five years building
an institutional mining specialist sales and research team. In a relatively
short period of time, that team became known in the UK mining investment
market for its early focus on the uranium investment opportunity and in
raising finance for a large number of mining companies in both the UK and
overseas. Prior to 2000, Mr. Strauss served in the sales group of Société
Générale, where he focused on UK and European equities with a keen interest in
the mining world. Mr. Strauss is of the Strauss family who founded Strauss
Turnbull, a well-known resource-focused investment banking firm acquired by
Société Générale in 1992.
Other members of the team include:
- Kelly Carter, who joins as Vice-President, with responsibility for
sales and trading coverage. Prior to joining the team at Hargreave
Hale, Ms. Carter was a sales-trader at Société Générale Strauss
Turnbull in London.
- Additionally, BMO will be expanding and developing research
capabilities on mining and companies listed on AIM with the hiring of
Sacha Borthwick, as a Director and Mining Analyst. Mr. Borthwick
during his 10 years in mining research at Hargreave Hale and Société
Générale developed a first rate reputation in UK financial markets.
- Ed Sterck, will work with Mr. Borthwick as an Associate. Mr. Sterck
has a BSc (Hons) from the Royal School of Mines, Imperial College in
London. Prior to working in mining research Mr. Sterck was a
financial futures trader.
"We are delighted to have such a talented and specialized group join us,"
said David Fleck, Global Co-Head, Equity Products, BMO Capital Markets. "With
the addition of Jamie and his team, BMO Capital Markets is developing a
presence on AIM/LSE by providing thoughtful research on a growing number of
AIM-listed companies. This is complemented with insightful stockbrokerage
services on all AIM-listed securities and will be followed with selective
corporate brokering service offering as well as active market making
"As a recognized leader in mining industry research, sales and trading,
we are well-positioned to give investors direct exposure to companies in every
sector," said Jacques Vaillancourt, Managing Director and Head of European
Operations, Equity Products, BMO Capital Markets in London. "With
institutional trading teams in London, across Europe, New York, Toronto,
Montreal and Vancouver, we have the international breadth to execute on behalf
of clients in any market. As a member of BMO Financial Group, we are able to
draw on the resources of one of North America's largest financial institutions
to provide clients with the liquidity they need."
BMO Capital Markets intends to complete its AIM strategy as it is
actively looking to expand its global investment banking group by adding
additional mining professionals in London.
The Alternative Investment Market (AIM) exchange has, during its short
history, become one of the world's fastest growing and dynamic stock
exchanges. Since its launch in 1995, over 2,500 companies have chosen to join
AIM. The majority of those companies are focused in four broad industry
groups, all of which are a part of BMO Capital Markets core capabilities:
Metals & Mining, Energy, Health Sciences and Technology.
About BMO Capital Markets
BMO Capital Markets is a leading underwriter of equity issues for mining
companies globally. Since 2000, BMO Capital Markets has advised on 36 major
Metals & Minerals M&A transactions totaling US$20.8 billion.
BMO Capital Markets has been a trusted advisor to Metals & Minerals
companies for almost 100 years. As a member of BMO Financial Group (NYSE, TSX:
BMO), the firm is able to leverage the financial strength and capabilities of
one of North America's leading financial services organizations. With
dedicated Metals & Minerals sales specialists in New York, Toronto and London,
BMO Capital Markets provides investors with easy, efficient access to the best
ideas in specific sectors such as coal, base metals, zinc, nickel and other
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