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Announcement

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GMP sells US fixed income operations to INTL FCStone

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GMP Capital is to sell GMP Securities, its institutional fixed income trading operations headquartered in New York, to INTL FCStone Inc. GMP Securities, is an SEC-registered Broker-Dealer and FINRA member.

“This sale is consistent with GMP’s stated strategy of intensifying our focus on our Canadian operations where growth opportunities are greater and better aligned with the firm’s strategic objectives of improving earnings quality and returning excess capital to shareholders,” says Harris Fricker, President and CEO of GMP. 
 
Completion of the transaction is subject to a number of closing conditions, including regulatory approval. The transaction is expected to be completed in the first quarter of 2019.  

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