AltaCorp Capital and ATB Financial move forward with a deeper strategic alliance.
Jan 08, 2018, 16:40 ET
CALGARY and EDMONTON, Jan. 8, 2018 /CNW/ - AltaCorp Capital and ATB Financial are pleased to announce a deeper strategic alliance as they move forward into the new year.
With the passing of AltaCorp's founder George Gosbee in November of 2017, ATB is now in the position of being AltaCorp's largest shareholder, yet still supported by significant employee ownership. This maintains the entrepreneurial vision originally developed by George and the founding partners when the firm started back in 2010, while providing the added financial strength of a large and established entity in ATB.
"With the passing of George, our close friend and colleague, it is time for us to provide added strength and support the team at AltaCorp as we move forward," said Dave Mowat, President and CEO, ATB Financial.
"Alberta is fortunate to have an entrepreneurial spirit, fostered by business leaders and service providers that work together with a shared set of values, perspective on the world and a common way of doing business. This uniquely Alberta entrepreneurial spirit is the key reason we entered the original partnership with AltaCorp: to provide holistic capital solutions, advice to our clients and the industry, and to diversify the economy—that hasn't changed," he added.
"This ongoing partnership with ATB will allow us to continue to provide support for our clients throughout the province, Canada and internationally, with all aspects of their capital markets needs," said Paul Sarachman, President and CEO of AltaCorp.
"The ability to offer our clients the best of both worlds with respect to independent advice as well as providing the full suite of services of a large financial institution will make AltaCorp Capital extremely unique in the Canadian capital markets space," added Paul. "We are excited about the enhanced partnership, and for the opportunities that are ahead."
About AltaCorp Capital Inc.
AltaCorp Capital is a full service brokerage firm that provides advisory and institutional financial services including: Corporate Mergers & Acquisitions, Equity Financings, Debt Capital Markets, Acquisitions & Divestitures, Equity Research, Sales & Trading, Market Making, and Private Wealth Management. AltaCorp is focused on the key drivers of the Western Canadian economy and overlapping subsectors of Energy, Agriculture, and Diversified Industries. AltaCorp is in a strategic relationship with ATB Financial, Alberta's largest financial institution with assets over $46.8 billion. AltaCorp is a member of IIROC, CIPF, FINRA, and SIPC.
About ATB Financial
ATB Corporate Financial Services, a division of ATB Financial, is a full service financial institution serving the needs of commercial and corporate businesses with operations in the province of Alberta. Offering a wide range of capital solutions, cash management services and financial markets offerings, ATB Corporate Financial Services offers custom built solutions for clients operating in industries critical to the Alberta economy including the energy, real estate, food & forestry and diversified sectors.
SOURCE ATB Financial
For further information: Michelle Stead, Senior Content Editor, ATB Financial, 587-987-4213, [email protected]; Nancy Peck, Chief Financial Officer, AltaCorp Capital Inc., 403-539-8602, [email protected]
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