Blackmont Capital has a new head of investment banking, with Tom Jarmai joining the brokerage house from Desjardins Securities.
Mr. Jarmai's specialty is financial services companies, and on his watch, Desjardins punched above its weight in this sector. There's an element of turnabout in Mr. Jarmai's decision to take the next step in his career at Blackmont. His predecessor at the dealer, Kevin Dalton, left in December to become head of investment banking at Desjardins.
In addition to working at Desjardins, where his corporate finance team added new wrinkles to the preferred share market, Mr. Jarmai was on the board of governors at CI Mutual Funds, a unit of CI Financial , which also owns Blackmont.
He took a brief break from the Street to teach finance to college students, and spent the 1980s and '90s as a top-ranked financial services analyst with RBC Dominion, Scotia Capital and First Marathon Securities. Mr. Jarmai got his start in the industry as an analyst and employee shareholder in Canadian Bond Rating Service, which was sold to Standard & Poor's.
"We have every confidence that Tom will unite the entire firm in increasing our market share and our profile," said Bruce Kagan, CEO at Blackmont, in a press release on Tuesday.