Scotia Capital Inc. and Oriel Securities Ltd, an independent corporate and institutional stock broking and advisory company based in the United Kingdom, today announced that they have entered into a strategic alliance in investment banking.

The two firms will work together to assist companies looking to access equity capital markets in Canada, the United States and the United Kingdom through initial public offerings and follow-on fundraising on the Toronto Stock Exchange (TSX), the London Stock Exchange (LSE), AIM, the New York Stock Exchange and other exchanges.

While both Scotia Capital and Oriel Securities advise companies across all sectors, the alliance will be of particular benefit to oil & gas, energy and mining companies seeking to gain access to investors or improve their trading liquidity.

There are currently over 50 companies with a total combined market capitalization of over $80 billion listed on both the TSX and the LSE or AIM. In addition, in the oil & gas and ,ining sectors there are over 2,200 companies listed on the TSX, LSE and AIM with a total combined market capitalization of over $2.4 trillion.

“We are pleased to have found a partner that will assist us in expanding the level of service we can provide to our North American and international clients looking to access the UK equity markets,” says Philip Smith, managing director at Scotia Capital Inc. and head, corporate and investment banking. “Oriel Securities is a trusted name in offering high quality corporate broking and advisory services and we are proud to be joining forces with them.”


“We believe that London will continue to be a very attractive market for international companies and we look forward to expanding our service to clients and working with Scotia Capital to develop both our businesses,” adds Simon Bragg, CEO of Oriel Securities.