GMP Capital Inc. announced that Harris Fricker intends to step down as President and Chief Executive Officer of the company shortly following the Meeting and the company's Board of Directors intends to appoint Kishore Kapoor, a current director of the company, as Interim President and Chief Executive Officer at such time. Mr. Fricker will continue to be the President and Chief Executive Officer of the capital markets business pending the completion of the Transaction and will continue to be a director of the Company. Among other roles, Mr. Kapoor has been President of Wellington West Holdings Inc., the parent company of a number of subsidiaries that provided wealth management and corporate finance services to retail and institutional clientele in Canada, and was the cofounder, as well as Executive Vice-President, Corporate Development, of Assante Corporation, previously one of the larger wealth management firms in Canada.

Mr. Kapoor is also currently a director of Richardson Financial Group Limited and serves on its Audit Committee. Mr. Kapoor will work with the management team at Richardson GMP Limited led by Andrew Marsh, its President and Chief Executive Officer, as the Company focuses on the potential that wealth management offers for long-term value creation for shareholders.