Transactions

Energy

Phil Skolnick | Principal, Managing Director Research | Senior E&Ps/Integrateds & Oil Sands
pskolnick@viiicapital.com | +1 917-930-7478

Adam Gill, CFA | Principal | Domestic Oil & Gas, Junior/Intermediate
agill@viiicapital.com | +1 403-232-1243

Ian Macqueen, P.Geol. | Principal | International & Domestic Integrateds, Junior E&Ps
imacqueen@viiicapital.com | +1 403-509-2662

Suthan Sukumar, B.Eng | Principal | Technology & Gaming

Suthan Sukumar joined Eight Capital as an Associate in the Technology & Gaming Equity Research team in January 2015 and was promoted to Research Analyst in June 2017. He currently specializes in IT services, enterprise software, FinTech, AdTech, online gaming, blockchain, and esports. Prior to Eight Capital, Suthan worked in institutional equity research for an independent Canadian broker covering the Canadian technology and gaming sectors. Before entering the capital markets, Suthan was at Rogers Communication in a variety of roles spanning R&D, New Product Development and Internal Strategy. Suthan holds a B.Eng. from McMaster University and an M.B.A. from the University of Toronto.

Steve Theriault, CFA | Principal, Head of Research | Financial Services

Steve Theriault joined Eight Capital in July 2016, with over a decade at BMO Capital Markets in both equity and corporate debt research, as well as seven years as the Senior Financial Services Analyst at Bank of America Merrill Lynch in Toronto. Steve has been consistently ranked by Brendan Woods and has received a variety of top Starmine (recently renamed Thomson Reuters) awards since 2009. Most recently, Steve was named the #2 stock picker and #3 earnings estimator for Canadian banks in 2018.

Ian Macqueen, P.Geol. | Principal | International & Domestic Integrateds, Junior E&Ps

Ian Macqueen is a professional geologist with over 20 years of varied geological and capital markets experience. He spent five years as a consulting geologist on various projects in the environmental and oil and gas sectors. He spent another five years with Waterous & Co. (now Scotia Waterous) evaluating and facilitating divestitures of oil and gas assets and companies. The remainder of his career he was a research analyst, focusing on evaluating domestic North American and international oil and gas assets and companies to provide recommendations to institutional investors. He was formerly with Dundee Securities, Orion Securities, Macquarie Capital Markets Canada, CIBC World Markets and Paradigm Capital.

Adam Gill, CFA | Principal | Domestic Oil & Gas, Junior/Intermediate

Adam Gill has over 12 years experience in Canadian oil & gas, finance, and equity markets. Most recently, he was Executive Director with CIBC World Markets covering Canadian Intermediate, Junior, and select U.S. based E&P companies. He also led CIBC’s natural gas macro research with emphasis on Canadian supply/demand dynamics. Adam has a comprehensive understanding of the North American E&P space and has established a network of buy side relationships in both Canada & the U.S.

Phil Skolnick | Principal, Managing Director Research | Senior E&Ps/Integrateds & Oil Sands

Phil Skolnick has over 20 years investment industry experience, mostly oil & gas sell-side with CIBC, Lehman Brothers, Genuity Capital Markets and Canaccord Genuity. He was formerly an Analyst at Surveyor Capital / Citadel in New York covering large-cap North American E&P for a $1.2b market neutral Energy portfolio. Phil was the first U.S.-based analyst to launch coverage of the Canadian Royalty Trusts and Oil Sands universe and regularly achieved a Top 5 Brendan Woods ranking for Canadian Large Cap Energy (most notably Top Gun in 2014). Phil’s relationships are extensive on both sides of the street and the border, especially in the hedge fund community.

Technology

Suthan Sukumar, B.Eng | Principal | Technology & Gaming
ssukumar@viiicapital.com | +1 416-365-2440

ENERGY ENERGY GROUP

Graeme Kreindler, CPA, CA | Principal | Healthcare

Graeme Kreindler is one of the leading research Analysts in the specialty healthcare sector with a coverage list of over 20 companies. His thought pieces and industry insights have resulted in guest appearances at industry conferences, segments on Bloomberg television as well as quotations in publications such as Bloomberg News, The Globe and Mail, and The Financial Post. A Chartered Professional Accountant by training, Graeme has experience in a number of diversified industries, including manufacturing & distribution, food processing and technology. Graeme joined Eight Capital in July 2017. He holds an H.B.A. with distinction from the Richard Ivey School of Business.

David Morrison | Principal, President & Chief Executive Officer | Head of Investment Banking

David Morrison has over 20 years of capital markets experience with significant sales and trading experience. Throughout his career David played an integral role at firms such as Gordon Capital, CIBC World Markets and later as a founding partner of Genuity Capital Markets. Through exceptional leadership and strong business acumen, David helped Genuity Capital Markets grow into one of Canada’s leading independent brokerage firms.

John Esteireiro | Principal, Head of Equities

John Esteireiro was a founding partner and Head of Equity Trading at Genuity Capital Markets, which he helped develop into one of Canada’s leading independent brokerage firms. Earlier in his career, John held the role of Managing Director and Head of Equity Trading at Gordon Capital and then at CIBC World Markets. John began his career on the Institutional Equity Trading desk at what is now RBC Dominion Securities.

Tony Loria | Principal, Head of Investment Banking | Calgary

As co-founder of Eight Capital Tony Loria has over 20 years of experience in building and managing investment banking franchises and advising a global client base focusing on corporate finance, M&A, corporate strategy and business innovation. Tony was previously Managing Director at Dundee Securities and Partner, Managing Director at Genuity Capital Markets prior to being acquired by Canaccord Capital.

Patrick McBride | Principal, Head of Origination

As a Founding Principal of Eight Capital, Patrick McBride brings over a decade of institutional sales experience, covering mutual fund, pension fund and hedge fund clients. Patrick was previously a Principal at Genuity Capital Markets, and Managing Director at Canaccord Genuity. Patrick has been Head of Origination for the investment banking team since 2017, and has executed on numerous financings and M&A transactions. Patrick holds a H.B.Sc. from the University of Toronto and is a CFA Charterholder.

Kevin Leonard | Principal, Managing Director | Energy

As a Founding Principal of Eight Capital, Kevin Leonard brings over 13 years of investment banking experience focused across a diverse set of industries including the energy and agricultural sectors. Previously, Kevin was a Vice President at Canaccord Genuity in the Energy Investment Banking group.

Omar Murad | Principal, Managing Director | Diversified & Technology

Omar Murad joined Eight Capital’s Investment Banking team in 2019 from Raymond James, where he was a senior member of that firm’s M&A team, and prior to that role he was at BMO Capital Markets Investment Banking. Omar has advised management and Boards of both domestic and global clients with respect to a broad range of transactions and corporate strategy. He has extensive expertise in structuring, negotiating, financial engineering, and leading M&A and financing transactions, having advised on over 55 announced transactions. Prior to his experience in Investment Banking, Omar worked in institutional equity research, and began his career in investment accounting. Omar earned his M.B.A. in Finance from the Rotman School of Management at the University of Toronto, and his B.B.A. in Accounting from the University of Massachusetts at Amherst.

Eyal Ofir | Principal, Managing Director | Technology & Gaming

As a Founding Principal of Eight Capital, Eyal Ofir brings over 15 years of experience in the technology sector, including over 12 years in equity research and four years with IBM Canada Ltd., with his last role at IBM as the Financial Lead on the Canadian e-Business Hosting Services Division. Prior to transitioning to Investment Banking in June 2017, Eyal’s research coverage spanned a diverse group of companies within the technology and gaming space and he was a top ranked equity analyst in the Brendan Wood International survey in five of the last seven years as an Analyst.

Elizabeth Staltari | Principal, Managing Director | Healthcare

Elizabeth Staltari is a founding Principal of Eight Capital having spent her career at independent investment dealers focused on non-resource industry groups. Since early 2016, Elizabeth has focused her time in the Healthcare group within investment banking and has executed on numerous financing and M&A transactions. Prior to investment banking, Elizabeth worked in institutional equity research covering real estate, infrastructure and industrials. Elizabeth holds an H.B.A. from the Richard Ivey School of Business and is a CFA Charterholder.

Jason Yeung | Principal, Managing Director | Metals & Mining

Jason Yeung is a Principal of Eight Capital and brings over 15 years of investment banking with a focus on metals & mining.  He has led or Co-led over 200 Equity financing’s raising in excess of $13 billion for mining clients with projects across the globe, and has advised on over 40 announced M&A transactions with a total deal value in excess of $42 billion.  Prior to joining Eight Capital, Jason has worked at two of Canada’s largest independent investment dealers.  Jason holds a B.B.A. in Finance from Simon Fraser University and is a CFA Charterholder.

Nic Katsiyianis | Managing Director, Co-Head of Institutional Sales

Nic Katsiyianis has 20 years of experience in capital markets, specializing in U.S. institutions. In addition to his role as Co-Head of Institutional Sales he also sits on the board for a U.S. community bank.  Previous to joining Eight Capital Nic was Managing Director, Canadian equity sales at Canaccord Genuity, and a Partner at Genuity Capital Markets. Earlier in his career he was a director at CIBC based in Boston, U.S.A.

Winston Miles | Principal, Co-Head of Institutional Sales

As a founding principal of Eight Capital, Winston Miles brings significant equity sales and trading experience, covering pension fund, mutual fund, and hedge fund accounts in North America, Europe, Australia & Asia. As a generalist, Winston provides investment advice, ideas and opinions on a wide range of companies across the equity world spectrum. Prior to Eight Capital, Winston held progressive roles in equity sales at Dundee Capital Markets.

Kevin Costa | Principal, Head of Liability Trading

Kevin Costa joined Eight Capital as a founding partner and Head of Liability Trading in September 2016. He brings over a decade of trading experience with solid institutional and corporate relationships. Previously he was a senior member of the sales and trading team at Canacord Genuity where he specialized in liability trading. Kevin began his career on the Genuity Capital Markets institutional trading desk.

Ammar Shah, CFA | Analyst | Special Situations & Healthcare

Ammar Shah joined Eight Capital in February 2019 as an equity Analyst covering Special Situations and Healthcare. Prior to this Ammar worked in equity research for a Canadian bank covering Special Situations, Real Estate, and Healthcare. Before equity research Ammar worked in Fixed Income research and trading for a Canadian money manager with a focus on Canadian corporate issuers. Ammar holds a B.B.A. with a major in finance from Wilfrid Laurier University and is a CFA charterholder.

Jenny Wang, CPA | Analyst | Consumer & Healthcare

Jenny Wang joined Eight Capital in January 2019 as an equity Analyst covering consumer and healthcare sectors. She previously worked in equity research at Canaccord Genuity with a focus on alternative pharmaceuticals. Jenny obtained her Chartered Professional Accountant designation at PricewaterhouseCoopers and holds an H.B.A. from the Richard Ivey School of Business.

Ralph M. Profiti, CFA | Principal | Industrial & Precious Metals

Ralph Profiti joined Eight Capital in May 2017 to cover large cap precious and industrial metals. He has worked in mining research for 14 years, including as a key member of the Global Metals & Mining Equity Research Teams at Credit Suisse and Deutsche Bank, covering North American Base Metals & Precious Metals equities in Toronto and New York, as well as Corporate Banking at Royal Bank of Canada. Ralph has consistently ranked amongst the top of his peer group in Brendan Woods and Starmine (Stock Recommendations and Estimate Accuracy). Ralph holds a B.Eng., an M.B.A., and is a CFA charterholder.

Craig Stanley, M.Sc. | Principal | Precious Metals, Intermediate/Junior

Craig Stanley joined Eight Capital as a Principal, Metals & Mining Research and is working out of the Toronto office. Craig comes with over a decade of experience from buy side (Sentry Select) and sell side (Stifel Nicolaus), as well as corporate (McEwen Mining). Craig holds a Master of Science in Geology Degree from Western University. Craig adds strength to the precious metals team and brings focus to the small to mid-tier gold exploration and development companies.

David A. Talbot | Director | Uranium & Battery Metals

David Talbot has over 10 years of financial industry experience, all of them in a research capacity at Eight Capital. Prior to joining Eight Capital, David spent 10 years in the gold exploration industry, working for Placer Dome, Franco-Nevada and Newmont Capital. His current research coverage consists of 26 total companies. He is ranked with eleven 1st place and four 2nd place rankings for companies under coverage in The Bloomberg Absolute Total Return analyst peer index. David’s commentary has been frequently quoted in various publications and news articles including Dow Jones, Reuters, The Economist, Financial Post and the Globe and Mail. He is a member of the Society of Economic Geologist and the Prospectors and Developers Association of Canada. David graduated with an H.B.Sc. in Earth Sciences from Western University.

Tina Normann, CMT | Principal | Technical Research

Tina Normann brings more than 15 years of experience in providing clients with actionable technical commentary across each asset class. She synthesizes a global top down approach that takes into account inter-market relationships with a bottom up sector and single stock trend commentary.  Analysis is made across all time frames to suit the needs of short-term traders and institutional investors while also highlighting big picture themes. Tina has achieved a Top Brendan Woods ranking for Technical Analysis (most notably Top Gun in 2018 and 2017). Tina is a CMT charter holder and completed her under-graduate degree at University of Toronto. She monitors the universe of Canadian and US quantitative models across different styles, both earnings momentum and value.

Financial Services

Steve Theriault, CFA | Principal, Head of Research | Financial Services
stheriault@viiicapital.com | +1 647-253-1133

Healthcare | Consumer & Special Situations

Graeme Kreindler, CPA, CA | Principal | Healthcare
gkreindler@viiicapital.com | +1 416-350-5065

Ammar Shah, CFA | Analyst | Special Situations & Healthcare
ashah@viiicapital.com | +1 647-426-1665

Jenny Wang, CPA | Analyst | Consumer & Healthcare
jwang@viiicapital.com | +1 416-849-7801

Metals & Mining

Ralph M. Profiti, CFA | Principal | Industrial & Precious Metals
rprofiti@viiicapital.com | +1 647-484-8545

Craig Stanley, M.Sc. | Principal | Precious Metals, Intermediate/Junior
cstanley@viiicapital.com | +1 416-365-2550

David A. Talbot | Director | Uranium & Battery Metals
dtalbot@viiicapital.com | +1 416-350-3082

Technical Analysis

Tina Normann, CMT | Technical Research

tnormann@viiicapital.com | +1 647-428-8285