NEW YORK, March 5, 2014 /PRNewswire/ - GMP Securities, LLC announced today that it has continued the expansion of its capabilities in the U.S. energy sector with the opening of an office in Houston, Texas. The Houston office is being staffed with an experienced team of investment banking, research and sales and trading professionals to support comprehensive coverage of the exploration and production, oil service and shipping / maritime sectors.
Given GMP Capital's investment and established presence in the Canadian, European, African, Asian, Latin American and Australian natural resource sectors, establishing a significant presence in the United States was a logical next step in the Firm's evolution. The Houston office will provide a complementary origination capability to GMP's proven distribution capabilities and allow for the firm's advisory mandates to be sourced and executed with worldwide reach.
"Expanding our operations in the U.S. provides a highly compelling opportunity for GMP to expand both its U.S. equity and fixed income businesses, further diversifying and strengthening our core franchise capabilities," said Harris Fricker, Chief Executive Officer, GMP Capital Inc. Commenting further, Mr. Fricker said, "We are excited about the potential growth opportunities afforded by this strategic initiative and we look forward to continue building on the growth momentum we are witnessing across our U.S. platform. Core to our continued success will be ensuring enhanced global collaboration across our offices."
ABOUT GMP SECURITIES, LLC
GMP Securities, LLC is a globally-focused brokerage firm specializing in institutional fixed income sales, trading and research. Today, GMP Securities,LLC is wholly owned subsidiary of Toronto-based GMP Capital Inc.
GMP Securities, LLC, through its predecessors, was established in 1991 with a focus on sales, trading and research of high yield and distressed bonds. GMP Securities, LLC quickly grew to include market-leading convertible bond and international market bond departments, and more recently established investment grade, MBS and ABS, as well as select preferred equity and common equity asset classes. Our New York City headquarters is the focus of sales and trading activity. Institutional sales coverage is also provided from branch offices in Connecticut, Dallas, and Miami.
GMP Securities, LLC is an established and recognized trading counterparty to the industry's leading banks, brokers and institutional investors, and a source of completely objective securities analysis. GMP Securities, LLC is recognized for comprehensive knowledge of its markets, an extensive and wide-reaching network of global counterparty relationships, and exceptional secondary market trading acumen.
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 located in Toronto, Montreal, Calgary, New York, Connecticut, Miami, Dallas, London, Perth and Sydney. The Capital Markets segment conducts its business through the following operating entities: GMP Securities L.P., GMP Securities, LLC, Griffiths McBurney Corp., GMP Securities Europe LLP and GMP Securities Australia Pty Limited. Wealth Management consists of GMP's non-controlling ownership interest in Richardson GMP Limited and the investment management and alternative investment products provided by CQI Capital Management L.P. Richardson GMP Limited is a full-service independent firm 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.
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