Key execs shuffled at GMP Capital

GMP Capital has announced a series of senior management changes, promoting three managing directors to vice-chairmanships.

“Given the continued growth of our firm in terms of product offerings and geographic scope, it is important that we empower and challenge our leadership team to leverage and align the firm’s expanded global capabilities to create opportunities to better serve our clients and shareholders,” said Harris Fricker, CEO, GMP. “We look forward to the contributions of our new leaders.”

Kevin Overstrom, currently managing director and head of institutional equity sales, has been named vice-chairman and global head of equity and debt capital markets.

Mark Christensen, currently managing director, institutional equity sales, assumes the role of vice-chairman and global head of institutional sales and trading.

Shawn Aspden, currently managing director, institutional equity sales, takes on the role of vice-chairman and head of North American institutional equity sales.

All three were also named to the firm’s executive committee, along with:

• Doug Bell, vice-chairman, co-head of investment banking
• Chris Bond, vice-chairman and head, institutional trading
• Simon Catt, vice-chairman, partner, GMP Securities Europe LLP
• Mark Hawkins, vice-chairman, institutional trading
• John Rudd, vice-chairman, president, GMP Securities, LLC
• Jo-Anne Stansfield, vice-chairman, equity capital markets

The move coincides with the rebranding of Miller Tabak Roberts Securities as GMP Securities, LLC.

“The new name is a logical step which communicates to all of our clients where we’re headed as an organization,” said Fricker. “What matters most is that MTR’s clients will continue to benefit from our ongoing commitment to excellence in sales, trading, research, and most importantly, exceptional customer service – only our name is different.”

At the same time, the firm announced the departure of Marko Pencak, head of research. He joined GMP in May 2003 as an industrial technology and renewable energy analyst and was named head of research in 2008.

“I extend my deepest appreciation to Marko for his contributions over the years and wish him success in his future endeavours,” said Fricker.

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