Paul Donnelly has been named the senior managing director of the new operation, dubbed as Optivest Investment Banking, which will focus on emerging growth and middle market companies with enterprise values between $10 and $150m.
"Our plan is to deliver best-of-class investment banking services to companies that are well positioned to unlock meaningful value for their respective owners," Donnelly said.
"Companies often lack the size and scale to get the proper attention and service from the larger branded investment banking firms, and Optivest Investment Banking plans to fulfill that need."
The new unit is also capable of offering core investment banking products and services such as mergers and acquisitions, private placements of equity and debt capital, valuations and fairness opinions, and strategic planning.
Donnelly has a substantial experience of corporate finance initiatives including mergers and acquisitions, recapitalizations, equity and debt financings and valuations/fairness opinions, the company said.
Optivest delivers portfolio management, investment supervisory services, investment advice, tax or financial planning, tax reporting and compliance, business exit and estate planning to wealthy individuals and establishments.
