Cormark Securities Inc.
Cormark Securities Inc., now operating as ATB Cormark Capital Markets, is a Toronto-based full-service Canadian investment bank acquired by ATB Financial in December 2025, providing M&A advisory, equity and debt underwriting, sales and trading, FICC, and institutional equity research to corporate and institutional clients across energy, technology, mining, and life sciences sectors.
- Company typePrivate
- Founded1986
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Cormark Securities Inc. does
Cormark Securities Inc. is a Toronto-based, privately held Canadian investment bank founded in 1986 (operating predecessor established in 1981) that was acquired by ATB Financial in December 2025 and rebranded as ATB Cormark Capital Markets in February 2026. The firm operates as a full-service capital markets platform organized around six service lines: Investment Banking (M&A advisory, capital raising, fairness opinions), Corporate Banking (customized credit and financing solutions), Fixed Income/Currencies/Commodities (debt capital markets, leveraged finance, credit, rates, FX), Equities (institutional sales and trading), Institutional Equity Research (sector coverage), and Industry Expertise (energy, technology, mining, life sciences). Its customer base spans institutional investors (pension funds, asset managers, hedge funds) and corporate clients, with disclosed mandates ranging from junior mining bought-deal private placements (sub-CA$25M) to billion-dollar debt offerings and cross-border M&A advisory.
The firm's revenue model is a mix of transaction fees (underwriting, sales and trading) and professional service fees (advisory, research). GTM motion is enterprise field sales executed through dedicated sector coverage teams and relationship managers, with top-of-funnel research distribution via website publications (e.g., Spring 2026 Energy Sector Survey, Canadian Upstream 2026 Outlook) and LinkedIn. It operates under multi-jurisdictional regulatory licenses — CIRO/CIPF in Canada and SEC/FINRA/SIPC in the U.S. — through wholly-owned subsidiaries including Cormark Securities (USA) Ltd. and ATB Capital Markets USA Inc. Core technology is not publicly disclosed, and no proprietary AI/ML capabilities are referenced; the technology stack appears limited to standard financial-services tooling such as a BluMatrix research portal and Firmex VDR access.
The most significant recent corporate event is the ATB Financial acquisition and integration, which combined ATB's regional Alberta banking relationships with Cormark's national institutional reach, creating a full-service platform with expanded product breadth (corporate banking added) and a larger balance sheet for underwriting and market-making. The combined entity's stated strategic intent is to deliver customized capital markets advisory across Canadian and U.S. growth sectors, supported by senior leadership including CEO Scott Lamacraft, Chairman J.S.A. MacDonald, CFO Jeff Kennedy, and Managing Director of Investment Banking Peter Grosskopf.
Cormark Securities Inc. firmographics
Firmographics- Name
- Cormark Securities Inc.
- Legal name
- Cormark Securities Inc.
- Website
- https://cormark.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Cormark Securities Inc., now operating as ATB Cormark Capital Markets, is a Toronto-based full-service Canadian investment bank acquired by ATB Financial in December 2025, providing M&A advisory, equity and debt underwriting, sales and trading, FICC, and institutional equity research to corporate and institutional clients across energy, technology, mining, and life sciences sectors.
- Ownership category
- akta.pro rank
Cormark Securities Inc. industry classification
Industry- Product category
- Investment Banking
- NAICS
- Investment Banking and Securities Intermediation (52315)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industries
- Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Investment Grade Credit Trading (FSACAEAC)
Keywords
Where Cormark Securities Inc. is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Cormark Securities Inc. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Investment Banking Advisory: Strategic advisory services for M&A transactions, capital raising, and corporate restructuring including fairness opinions and valuation services.
- Capital Markets - Equity Underwriting: Underwriting of equity offerings including IPOs, follow-on offerings, and private placements for corporate clients.
- Fixed Income, Currencies & Commodities: Debt capital markets, leveraged finance, credit, rates, FX and commodities trading and advisory services.
- Institutional Equity Research: Research coverage and analyst services for institutional investors across key sectors.
- Sales and Trading: Equity sales and trading services for institutional clients.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Cormark Securities Inc. product offering
Product offeringCore offering
Cormark Securities Inc., now operating as ATB Cormark Capital Markets, is a full-service Canadian investment bank providing investment banking advisory, corporate banking, fixed income/currencies/commodities (FICC), equities sales and trading, institutional equity research, and sector-specific industry expertise to institutional and corporate clients across Canada and the U.S. The firm delivers M&A advisory, capital raising (IPOs, follow-ons, private placements), debt capital markets, leveraged finance, and sector research primarily in energy, technology, mining, and life sciences.
Product overview
Cormark Securities Inc. (now operating as ATB Cormark Capital Markets) is a full-service financial advisory firm offering integrated capital markets services. The product portfolio consists of six core service lines: Investment Banking (strategic advisory and M&A), Corporate Banking (customized financial solutions), Fixed Income/Currencies/Commodities (debt capital markets, leveraged finance, credit, rates, FX), Equities (institutional investment opportunities), Institutional Equity Research (sector research and analysis), and Industry Expertise (sector-specific coverage). These services work together to provide holistic corporate and capital markets advisory to institutional and corporate clients.
Differentiator
Problem solved
Functional benefit
Brands
- ATB Cormark Capital Markets: Combined capital markets brand integrating ATB Financial's capital markets operations with Cormark's investment banking, sales, trading, and research platform.
Products and services
- Investment Banking
- Corporate Banking Solutions-focused banking service offering customized financial solutions and industry-tailored advice for corporate clients.
- Fixed Income, Currencies & Commodities (FICC) Global markets service covering debt capital markets, leveraged finance, credit, rates, FX, and commodities trading and advisory.
- Equities Institutional equity sales and trading service providing access to custom investment opportunities in traditional and high-growth sectors for institutional clients.
- Institutional Equity Research Analyst-led research coverage providing a holistic view of sectors driving the economy with tools and insights to realize investment opportunities for institutional clients.
- Industry Expertise Deep sector expertise and coverage across energy, technology, mining, and life sciences for institutional and corporate clients in Canada and the U.S.
Companies that use Cormark Securities Inc.
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles2 records
Cormark Securities Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cormark Securities Inc. partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights6 records
Cormark Securities Inc. competitors and assessment
Company assessmentOthers
Direct peers
- Canaccord Genuity Group: Canadian-headquartered independent investment bank with comparable mid-market M&A advisory, equity underwriting, and research capabilities across mining, energy, and growth sectors. Most direct comparable given similar size, sector focus, and full-service model.
- Raymond James Ltd. (Canada): Canadian arm of Raymond James offering investment banking, equity research, and institutional sales/trading. Direct competitor, notably co-bookrunner with Cormark on Rua Gold financing.
- Haywood Securities: Canadian independent investment bank with strong mining, energy, and resource sector focus, offering IB advisory, equity sales/trading, and research—closely comparable client base and deal type to Cormark.
- PI Financial Corp. Canadian boutique investment dealer focused on resource and growth-sector equity financing, sales/trading, and research. Comparable in scale and mining-sector specialization.
- Desjardins Capital Markets: Canadian cooperative-owned capital markets arm providing IB advisory, equity research, and institutional sales/trading. Direct competitor, notably co-leading Hot Chili capital raise with Cormark.
Emerging players
- Red Cloud Securities: Canadian mining-focused boutique broker, frequently co-managing mining bought deals with Cormark (e.g., Aldebaran Resources). Comparable in mining sector coverage though narrower in scope.
- Veritas Securities: Canadian boutique investment bank focused on mining and growth-sector M&A and equity financing. Co-lead manager with Cormark on Hot Chili and active in similar deal flow.
Broad incumbents
- Scotia Capital (Scotiabank): Full-service capital markets division of one of Canada's Big Six banks. Larger balance sheet and broader product set; competes with ATB Cormark for mid-to-large Canadian deals.
- Stifel Canada (Stifel Financial): North American mid-market investment bank with Canadian operations competing in similar sectors (mining, energy, growth). Broader product set but comparable target client profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Cormark Securities Inc. social profiles
Digital presenceCormark Securities Inc. compliance and trust
Trust signalCompliance2 records
Cormark Securities Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cormark Securities Inc. leadership team
Management profileNumber of profiles
Profiles4 records
Cormark Securities Inc. subsidiaries and ownership
Company hierarchySubsidiaries1 record
Cormark Securities Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cormark Securities Inc. M&A and investment
M&A and investmentM&A
Investments64 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cormark Securities Inc.
What does Cormark Securities Inc. do?
Cormark Securities Inc., now operating as ATB Cormark Capital Markets, is a full-service Canadian investment bank providing investment banking advisory, corporate banking, fixed income/currencies/commodities (FICC), equities sales and trading, institutional equity research, and sector-specific industry expertise to institutional and corporate clients across Canada and the U.S. The firm delivers M&A advisory, capital raising (IPOs, follow-ons, private placements), debt capital markets, leveraged finance, and sector research primarily in energy, technology, mining, and life sciences.
Is Cormark Securities Inc. a public or private company?
Cormark Securities Inc. is a private company. It is classified as state government owned and is currently acquired.
When was Cormark Securities Inc. founded?
Cormark Securities Inc. was founded in 1986. It employs 51 to 100 people.
Where is Cormark Securities Inc. based?
Cormark Securities Inc. is headquartered in Toronto, Canada, in the North America region.
How does Cormark Securities Inc. make money?
Five revenue lines are on record. Investment Banking Advisory is the primary driver. The others are capital Markets - Equity Underwriting, fixed Income, Currencies & Commodities, institutional Equity Research and sales and Trading.
Who are Cormark Securities Inc.'s main competitors?
TD Securities is listed as an others. Direct peers are Canaccord Genuity Group, Raymond James Ltd. (Canada), Haywood Securities, PI Financial Corp. and Desjardins Capital Markets. Emerging players are Red Cloud Securities and Veritas Securities. Broad incumbents are Scotia Capital (Scotiabank) and Stifel Canada (Stifel Financial).
Does Cormark Securities Inc. have an API?
No public API is recorded for Cormark Securities Inc..
What industry is Cormark Securities Inc. in?
Cormark Securities Inc.'s product category is Investment Banking. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of FSAEAGAE, Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps). Its NAICS code is 52315 and its SIC code is 6211.