Resource-focused investment banking firm Casimir Capital Group LLC has announced a new CEO and a planned employee buyout for its Canadian operations, along with a greater emphasis on the energy sector.
New York-based Casimir said Wednesday that Adam Thomas, who built its energy business, will be promoted to president and CEO of its Toronto-based Canadian subsidiary, Casimir Capital Ltd; and, that Thomas, along with other key executives at the firm, are being offered the chance to purchase a large equity stake in the firm.
It suggests that the ability to offer equity in the firm it will also enable it to attract top talent and help grow the firm. “We are excited about the opportunity to grow an energy and mining brand that is already ranked among the top 10 in league tables. Receiving a substantial stake in a firm of this magnitude is a tremendous opportunity and a rarity in our business,” said Thomas.
The firm also announced several executive changes at its U.S. subsidiary, Casimir Capital LP, along with plans for new offices in Houston, Denver, and Perth, Australia over the next six months.
Additionally, it noted that while it will continue to serve the mining sector, “a new focus will be placed on expanding” their operations in the energy sector. “This is an exceptional time to expand our involvement in the energy industry with oil hitting a 14 month high and North America racing toward energy independence,” said Richard Sands, founder of Casimir Group and president and CEO of Casimir USA.