Another shuffling of the deck in a Toronto boutique banking scene that has already seen its fair share of changes. Byron Capital analysts Douglas Loe, Rob Goff and Mark Belcarz have left Byron Capital for Euro Pacific Canada.
Goff will take over as Head of Research and Telecom Services and as New Media Analyst, Loe as Healthcare and Biotechnology Analyst, and Mark Belcarz as Equity Research Associate for Telecom and New Media.
The move follows the April departure of Byron Capital’s Head of Research Tom Astle, who left to become Head of Investment Strategy for publicly listed merchant bank Difference Capital (Difference Capital Stock Quote, Chart, News: TSXV:DCF).
Euro Pacific Canada President Rob Furse says the additions will help the young firm expand its non-resources growth research, and will complement its existing real estate, specialty mining and precious minerals coverage.
“The firm is looking to gain traction amongst Canadian investors for the US and Canadian coverage names at partner firm Euro Pacific Capital in the U.S., says Furse. “Rob and Mark are targeting new opportunities in the digital and gaming areas where growth prospects are compelling. Doug is particularly looking to feature quality Canadian healthcare equities within his existing coverage portfolio, many of which have outperformed industry peers in recent quarters and for which industry fundamentals remain attractive.”
Furse says the firm is encouraged by the “compelling economics” of many small cap companies borne out of tough economic and capital market conditions.
Euro Pacific Canada, which was founded in 2009, has offices in Montreal, Vancouver and Tokyo. The firm is affiliated with the Euro Pacific Capital, a Westport, Connecticut based broker-dealer that was founded and led by the company’s current Chief Global Strategist, Peter Schiff, a noted market pundit and best-selling author. Euro Pacific offers equity research, institutional sales and trading, investment banking and private client services.
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