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last mo.

ATB Financial Acquires Cormark Securities to Boost Capital Markets Reach

The deal moves Cormark’s CEO into a strategy role at ATB Capital Markets with its executive chair taking over as the unit’s chair to expand the firm’s North American presence.

ATB Financial branch, 11366 104 Ave., in Edmonton in 2021. Edmonton-based ATB Financial has penned an acquisition deal with Cormark Securities Inc.

Overview

  • Susan Streeter, Cormark’s chief executive, will assume ATB Capital Markets head of strategy and growth and Scott Lamacraft will become its executive chair.
  • ATB did not disclose financial terms of the deal although earlier reports suggested a minimum value of CAD 35 million.
  • According to LSEG Data & Analytics, Cormark led nine stock sales worth CAD 270 million in H1 2025, representing about 2.5% of Canada’s equity underwriting market.
  • The transaction, expected to close this fall pending regulatory approval, continues ATB’s acquisition-driven growth following its purchases of AltaCorp Capital in 2020 and BCV Asset Management in 2024.
  • The acquisition follows several senior departures at Cormark and underscores a broader consolidation trend among Canada’s regional investment dealers.