NEW YORK, July 10, 2013 /PRNewswire/ -- Casimir Capital Group LLC ("Casimir Group"), the owner of Casimir Capital L.P. ("Casimir USA"), a United States based natural resources focused investment bank, and Casimir Capital Ltd. ("Casimir Canada"), a Canadian based natural resources focused investment bank, has officially announced significant changes to its organizational structure. These changes will allow the company to better serve the current needs of the natural resource community.
In Canada, Adam Thomas, who spearheaded the development of the Casimir Group's energy business from its infancy, will be promoted to President and CEO of Casimir Canada. Mr. Thomas, Karen Mate (Head of Institutional Equity Sales), Michael Dilay (Head of Institutional Trading) and other key employees have been presented with the opportunity to purchase a large equity stake in the Canadian entity.
In the United States, Eric Allison will be promoted to Head of Mining Investment Banking of Casimir USA. Before joining the firm he was a Director at Sempra Commodities, where he was responsible for the business development activities at Sempra Metals & Concentrates and Sempra Energy Trading. Eric received a Bachelor of Science degree in Geology from Brown University in 1978 and a Master of Science degree in Geology from the University of Georgia in 1980.
While Casimir USA and Casimir Canada will continue to provide financial solutions for the mining industries' steady demand for capital, a new focus will be placed on expanding their highly successful energy operation. "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. I am confident that our Canadian team, under the direction of Adam, Karen and Mike will prove to be very fruitful," said Richard Sands, Founder of Casimir Group and President and CEO of Casimir USA.
Casimir Canada will now have the wherewithal to hire top talent, attracting them with an equity opportunity in a premier investment bank. "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 Adam Thomas.
Casimir USA intends to bolster Mr. Allison's team by adding more technical, geological and engineering talent to its mining banking group. Additionally, over the next 6 months Casimir USA intends to expand its energy and mining operation to include offices in Houston, TX, Denver, CO and Perth, Australia.
Casimir Capital L.P. (member FINRA, SIPC, MSRB) is a leading United States based investment bank in the natural resource space. For more information, visit: www.casimircapital.com/us
Casimir Capital Ltd. (member IIROC, CIPF) is a leading Canada based investment bank in the natural resource space. For more information, visit: www.casimircapital.com/ca
SOURCE Casimir Capital Group LLC