The Midland Walwyn reunion continues at Rockwater Capital Corp. Former Midland head, Bob Schultz, now chairman of Rockwater Capital, has announced that Bill Packham is joining the firm as president and CEO.

Packham joins the firm from Merrill Lynch Canada where he was vice chairman. Previously he was president and COO for Merrill Lynch, following the acquisition by Merrill Lynch of Midland Walwyn where he was also president and COO. Packham is past chairman of the Investment Dealers Association.

In July, Rockwater announced the acquisition of First Associates Investments Inc. an employee owned, investment management firm focused on institutional,
corporate, and private clients. Packham will also become CEO of First Associates on closing of the transaction which is expected to be on October
1.

Rockwater will focus on three areas of business: asset management, wealth management and capital markets. The Asset Management division is a growth area. It will be expanded to provide diversified portfolio management styles and new products to high net worth individuals and institutions using a fee-based model. Asset Management is headed by Mark Maxwell who comes to the firm from Georgian Capital, of which he was co-founder and president.