NCP Northland Capital Partners is pleased to announce its new name, new hires and a new headquarters location

TORONTO, June 10 /CNW/ - Sandfire Securities Inc., ("Sandfire") an institutionally-focused brokerage firm based in Toronto, is changing its name to NCP Northland Capital Partners Inc. ("NCP").

In tandem, with the name change, we are directing our partners and clients to www.northlandcp.com to access our research, to keep up to date with the rapid pace of NCP's expansion and to find relevant information and contact details.

Effective June 14, 2010, the firm will also be relocating to our expanded headquarters at First Canadian Place.

Since Northland Bancorp Inc. purchased a control stake in December, NCP has continued to prove itself one of Canada's fastest growing brokerage firms. Tony Oram, NCP's Director of Institutional Trading, is pleased to announce the formation of NCP's electronic trading desk under the experienced leadership of Steve Burns, who was previously at Wellington West. According to Tony, "Steve's focus on superior client execution and innovation fits perfectly with our independent culture". Steve is joined by a team comprised of Dave Irwin, Kent Learoyd and Stan Liberty. Max Sytchev, formerly of Genuity Capital Markets, has joined as Special Situations Analyst focusing on Infrastructure and Industrials. Alex Holmes and Calum Morrison join the expanding mining team and are based in the Vancouver office. Alex and Calum were most recently at Pacific International. In addition, Jon Varley joins the institutional trading desk from Canaccord.

NCP is now a team of almost fifty professionals with offices in Vancouver and Toronto and trades under the number 52.

"This is just the beginning" says CEO Brian Bapty. "We are currently in advanced stages of planning for a global rollout of our services with an expanded focus into Asia and Western Europe. Our significant growth has been effectively managed by our prolific executive team. As other brokerages retrench, we are finding fertile ground for our differentiated, insightful research and client-focused, value-added corporate finance."

"When Northland Bancorp purchased a stake in Sandfire at the end of last year, we were excited by the impressive growth potential of the firm" added Bob Johnson, NCP's Chairman. "The results so far have surpassed our expectations and demonstrate the momentum and excitement that is generated when dedicated professionals with an entrepreneurial spirit are brought together. We believe we have a strong team and this is being recognized in the Canadian marketplace. The rebranding of Sandfire should accelerate our success."


http://www.newswire.ca/en/releases/archive/June2010/10/c3982.html