Media

AltaCorp Enters a Strategic Alliance with ATB Financial

Jan 08, 2018

AltaCorp Capital and ATB Financial are pleased to announce a deeper strategic alliance as they move forward into the new year.

With the passing of AltaCorp's founder, George Gosbee, in November 2017, AltaCorp Capital has welcomed ATB Financial as its largest shareholder. AltaCorp is still supported by significant employee ownership, maintaining the original entrepreneurial vision of George and his founding partners, while providing the added financial strength of a large and established financial institution.

"With the passing of George, our close friend and colleague, it is time for us to provide added strength and support the team at AltaCorp as we move forward," says Dave Mowat, President and CEO, ATB Financial.

"Alberta is fortunate to have an entrepreneurial spirit, fostered by business leaders and service providers that work together with a shared set of values, perspective on the world and a common way of doing business. This uniquely Albertan entrepreneurial spirit is the key reason we entered the original partnership with AltaCorp: to provide holistic capital solutions, advice to our clients and the industry, and to diversify the economy—that hasn't changed," Mowat says.

"This ongoing partnership with ATB will allow us to continue to provide support for our clients throughout the province, Canada, and internationally, with all aspects of their capital markets needs," says Paul Sarachman, President and CEO of AltaCorp.

"The ability to offer our clients the best of both worlds with respect to independent advice as well as providing the full suite of services of a large financial institution will make AltaCorp Capital unique in the Canadian capital markets space," says Sarachman. "We are excited about the enhanced partnership, and for the opportunities that are ahead."

Media inquiries:
Michelle Stead, ATB Financial
587-987-4213