Stifel Financial completed the acquisition of the capital markets business of GMP Capital for $52m.

Stifel Financial, an American multinational independent investment bank and financial services company, completed the acquisition of the capital markets business of GMP Capital, a capital market company, for $52m. "We are excited to be joining forces with a like-minded partner and proven operator in Stifel. The combination with Stifel is immensely attractive to us given it provides greater critical mass and access to significantly enhanced cross border capabilities to better serve our clients. I believe this transaction with Stifel and the considerable capabilities it brings to the table will allow our team to fuel further disruption in the small- to mid-cap segments of the Canadian capital markets," Harris Fricker, GMP CEO.