By Doug Alexander (Bloomberg)
2017-01-10 22:33:44.133 GMT -- National Bank of Canada investment banker
Dan Barnholden and two other mining professionals left to join
PI Financial Corp., a Vancouver-based firm betting on a recovery
in the industry.
Barnholden, 41, who was a managing director in global
mining and metals at National Bank Financial, will be a managing
director and co-head of investment banking, PI Financial Chief
Executive Officer Max Meier said Tuesday in an interview.
The firm also hired mining analyst Adam Melnyk and David Goguen, 47,
who’s in institutional sales, Meier said. The three will join
the company’s Vancouver office in coming months.
“We’re obviously making a big big bet that the junior and
intermediate end of the mining market is going to come back in a
meaningful way in 2017 and beyond,” Barnholden said in an
interview. “We’re not just betting financially, but we’re
betting with our careers."
PI Financial was founded in 1982 by Meier and John Eymann,
according to its website. The firm, which focuses on small and
mid-cap Canadian companies, has more than 300 employees. PI
Financial is partly owned by National Bank.
“We are quite confident that mining will once again be a
great sector to be in," Meier said in a telephone interview,
adding the firm will now have four bankers, three analysts and
two salesmen dedicated to the business.
Separately, National Bank is also losing financial services
analyst Peter Routledge, who starts in February as a senior
adviser in Canada’s Department of Finance.