Former Blackmont employees acquire CI Capital Markets from CI Financial
"This is the culmination of an undertaking that has been ongoing since early December. We have been able to secure strong financial sponsorship and are fortunate to have the continued support of our institutional and corporate clients. We also greatly appreciate the assistance that CI has provided throughout this process," said
"CICM will rename and rebrand the company shortly after formal closing. We truly appreciate the encouragement and backing that our clients have demonstrated throughout this transitional period. We are now looking forward to growing our business as an employee-owned firm now that our definitive agreement is in place."
"We are pleased to have been able to assist the employees in their efforts to acquire CICM and believe this is a great outcome for them and CI following the completion of the sale of the Blackmont private wealth group in late December. We continue to be supportive of this group and their new venture going forward," said William T. Holland, CI Chief Executive Officer.
CICM provides quality independent research, experienced equity sales and trading coverage to institutional clients, and investment banking services to corporate clients.
For further information: R. Jeffrey White, Chief Executive Officer, CI Capital Markets Inc., (416) 864-2059
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