Toronto, ON. (August 24, 2010) – The Board of Directors of GMP Capital Inc. (the “Board”) (“GMP”) (TSX: GMP) announced today that effective October 1, 2010, Kevin Sullivan will transition from his role as CEO and assume the role of Deputy Chairman of GMP. In his new role, Kevin will spend his full-time efforts on client focused initiatives, working on key strategic projects, mentoring GMP’s professionals and increasing our brand awareness.
Toronto, ON. (August 6, 2010) – GMP Capital Inc. (“GMP”) (TSX: GMP) today reported revenue of $111.6 million in second quarter 2010, representing an increase of 11% compared with the same period a year ago primarily driven by higher results in the Capital Markets segment. Net income increased 177% to $22.5 million ($0.32 per basic share) compared with $8.1 million ($0.12 per basic share) reported in the same period a year ago. Operating earnings1 were $35.4 million in second quarter 2010 compared with $28.1 million during the same period a year ago.