Latest news with #DarrenEurich
Yahoo
11-08-2025
- Business
- Yahoo
ATB Financial signs deal to acquire independent investment bank Cormark Securities
EDMONTON — ATB Financial has signed a deal to acquire Cormark Securities Inc., an independent investment bank with offices in Toronto and Calgary. Financial terms of the deal were not immediately available. Cormark provides investment banking, equity research coverage and institutional sales and trading to clients in Canada and internationally. Under the deal, ATB Capital Markets and Cormark will integrate their operations under ATB Capital Markets' CEO Darren Eurich. Cormark executive chairman Scott Lamacraft will be executive chair, while Cormark chief executive Susan Streeter will become head of strategy and growth. The companies say the acquisition is expected to close in the fall pending customary closing conditions, including regulatory approvals. This report by The Canadian Press was first published Aug. 11, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
11-08-2025
- Business
- Cision Canada
ATB Financial to Acquire Independent Investment Bank Cormark Securities Inc.
Expands ATB Capital Markets' capabilities and service offering, increasing coverage for its clients EDMONTON, AB, Aug. 11, 2025 /CNW/ - ATB Financial, the largest financial institution headquartered in Western Canada, announced today that they have entered into an agreement to acquire all of the outstanding shares of Cormark Securities Inc. ("Cormark"), a strong Canadian independent investment bank with offices in Toronto and Calgary. Founded in 1981, Cormark is an established institutionally oriented industry leader recognized for its knowledge and commitment for mid-cap and emerging growth clients. It has participated in over 1,000 equity financings over the past decade, raising gross proceeds of more than $100 billion. Cormark provides investment banking, broad based equity research coverage and institutional sales and trading to clients in Canada and internationally. It has been ranked as a top five Canadian mid-market dealer by institutional investors for the last 10 years, as compiled by Brendan Wood International. "Combining Cormark with our ATB Capital Markets business significantly broadens our collective breadth and depth to deliver deeper value to clients as a full service capital markets firm," said Darren Eurich, CEO of ATB Capital Markets. "Together, our complementary expertise expands our ability to serve clients in Canada and the US, attract exceptional talent, and accelerate our growth strategy." The acquisition is expected to close in the fall pending customary closing conditions, including required regulatory approvals. "Joining ATB Capital Markets marks an important milestone in Cormark's evolution," said Scott Lamacraft, Executive Chairman of Cormark. "We're proud of our more than 40-year history and even more excited about where our combined business will take us. This partnership allows us to deliver greater solutions for our clients, expands opportunities for our team, and positions the combined firm for accelerated growth." The ATB Capital Markets and Cormark firms will integrate their operations under ATB Capital Markets' CEO, Darren Eurich. Cormark's Scott Lamacraft and Susan Streeter will join as Executive Chair and Head of Strategy and Growth respectively. "As our clients across Canada navigate an increasingly complex economic landscape, the enhanced capabilities of the combined firm will contribute to a strong, competitive, and client-focused capital markets industry that supports economic growth nationwide," added Curtis Stange, President & CEO of ATB Financial. PricewaterhouseCoopers Corporate Finance Inc. ("PwC") is acting as exclusive financial advisor and Blake, Cassels & Graydon LLP ("Blakes") is acting as legal counsel to ATB Financial. Borden Ladner Gervais LLP ("BLG") is serving as legal counsel to Cormark Securities Inc. while SHEUMACK GMA, along with its affiliate, SGMA Capital Markets Limited, is serving as Cormark's exclusive financial advisor. About ATB Financial Powering possibilities for our clients, communities, and beyond is what drives us at ATB Financial. As a leading Alberta-based financial institution with over $100 billion in total assets and assets under management, our success comes from more than 5,000 team members who deliver exceptional experiences to over 835,000 clients across our Personal and Business Banking, ATB Wealth Management, and ATB Capital Markets businesses. ATB provides expert advice and services through our extensive branch network and agencies, our 24-hour Client Care Centre, four entrepreneur centers, and our digital banking options. ATB Financial is bronze certified as part of the Partnership Accreditation in Indigenous Relations commissioned by the Canadian Council for Indigenous Business. More information about ATB can be found at About Cormark Securities Inc. Cormark Securities Inc. is a leading employee-owned independent investment bank focused on providing comprehensive coverage of Canadian listed companies to domestic and international institutional investors from offices in Toronto and Calgary. Cormark offers a full range of services to its corporate clients including equity underwriting, mergers and acquisition advisory, and debt capital market solutions. Cormark prides itself in providing its corporate and institutional clients with an intimate link to the capital markets, top-tier execution and insightful investment ideas.
Cision Canada
01-05-2025
- Business
- Cision Canada
ATB Securities Inc. Named a Government Securities Distributor by the Bank of Canada
CALGARY, AB, May 1, 2025 /CNW/ - ATB Capital Markets, the capital markets arm of ATB Financial, is pleased to announce that its legal entity, ATB Securities Inc., has been confirmed as a Government Securities Distributor (GSD) by the Bank of Canada, acting on behalf of the Government of Canada. This designation allows ATB Securities Inc. to directly participate in the primary distribution of Government of Canada marketable bonds and treasury bills. As a Government Securities Distributor, ATB Securities Inc. will act as an intermediary, facilitating the purchase and sale of government securities between the federal government and institutional investors through participation in Bank of Canada auctions. "Achieving status as a Government Securities Distributor is a testament to the dedication and expertise of our Fixed Income, Currencies and Commodities (FICC) team and underscores ATB Financial's deep commitment to the Canadian fixed income market," said Darren Eurich, CEO of ATB Capital Markets. "This milestone enhances our ability to provide comprehensive financial solutions to our clients and strengthens our position within the industry." This achievement, made possible by significant capital commitment and long-term dedication, underscores ATB Capital Markets' commitment to expanding its Fixed Income capabilities. By allowing ATB Securities Inc. to directly participate in the Canadian federal government's debt market, this enables ATB Capital Markets to directly facilitate the purchase and sale of government securities, including Treasury Bills and Government of Canada Bonds, on behalf of its clients. About ATB Financial With $65.5 billion in assets, ATB Financial is a leading financial institution that started in Alberta with the focus of putting people first. Our success comes from our more than 5,000 team members who love to deliver exceptional experiences to over 830,000 clients across our Personal and Business Banking, ATB Wealth Management and ATB Capital Markets businesses. ATB provides expert advice, services and products through our many branches and agencies, our 24-hour Client Care Centre, four entrepreneur centres and our digital banking options. ATB powers possibilities for our clients, communities and beyond. ATB is bronze certified as part of the Partnership Accreditation in Indigenous Relations commissioned by the Canadian Council for Indigenous Business. More information about ATB can be found at About ATB Capital Markets ATB Capital Markets offers holistic corporate and capital markets advice, combined with customised financial solutions to help businesses thrive. We're a full-service investment dealer for key industries on the cusp of a new era. Established in 2020, ATB Capital Markets helps clients with services that include investment and corporate banking, sales and trading, institutional research, and risk management. ATB Capital Markets operates under the name of ATB Securities Inc. and is Broker/Dealer #03 on the Toronto Stock Exchange. Disclaimer ATB Capital Markets is a trademark brand name of ATB Financial and is used in connection with various financial services such investment banking, capital markets and wholesale banking activities carried on by ATB Financial or certain of its subsidiaries including ATB Securities Inc. and ATB Capital Markets USA Inc. ATB Securities Inc. is a member of the Canadian Investor Protection Fund and is registered with the Canadian Investment Regulatory Organization and applicable securities regulatory authorities in the provinces that it conducts business, and a member of Canadian marketplaces. ATB Capital Markets USA Inc. is registered with the U.S. Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority and Member Securities Investor Protection Corporation.
