GMP Capital Inc. (TSX: GMP) Tuesday announced a series of senior management promotions and changes aimed at enhancing the strategic linkages among GMP’s global product offerings, businesses and clients.

“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,” says Harris Fricker, CEO, GMP

Three managing directors are promoted to vice chairmen.

Kevin Overstrom, currently managing director and head of institutional equity sales, assumes the role of 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, assumes the role of vice chairman and nead of North American institutional equity sales.

Toronto-based GMP also announced that Marko Pencak, head of research, has left the firm. Pencak joined the firm in May 2003 as an industrial technology and renewable energy analyst and assumed leadership for the research department in 2008.

Concurrent with the above appointments, GMP expanded the mandate and membership of its executive committee.

GMP’s current executive committee consists of Fricker; Kevin Sullivan, deputy chairman; and Dan Tsubouchi, vice chairman, co-head of investment banking.

Joining these the three senior offcers are nine individuals across GMP and its subsidiaries:

  • Shawn Aspden, vice chairman and head of North American institutional equity sales
  • 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 Christensen, vice chairman and global head of institutional sales and trading
  • Mark Hawkins, vice chairman, institutional trading
  • Kevin Overstrom, vice chairman and global head of equity and debt capital markets
  • John Rudd, vice chairman, president, GMP Securities, LLC
  • Jo-Anne Stansfield, vice chairman, equity capital markets

Fricker serves as chairman of the executive committee.

All the announced changes are subject to regulatory approval.

Miller Tabak Roberts Securities renamed GMP securities

Separately, GMP announced that New York-based institutional boutique Miller Tabak Roberts Securities, has been renamed GMP Securities, LLC following its acquisition by GMP in September 2011.

The name change, which is effective immediately, follows a successful integration process and will be reflected in all marketing and communications.

“The new name is a logical step which communicates to all of our clients where we’re headed as an organization,” says 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.”