GMP Sells Certain Assets Under Management to Fiera Capital Corporation

GMP Sells Certain Assets Under Management to Fiera Capital Corporation 


    --  Focused on ensuring a smooth transition of assets with minimal
        disruption to clients
    --  GMP Investment Management announces leadership transition plans

TORONTO, Jan. 18, 2013 /CNW/ - GMP Capital Inc. ("GMP") (TSX: GMP) today 
announced that it entered into a definitive agreement (the "Purchase 
Agreement") in respect of a transaction that will result in Fiera Capital 
Corporation ("Fiera") purchasing approximately $570 million in assets under 
management from GMP Investment Management L.P. ("GMPIM"), for cash 
consideration of $10.75 million.

Pursuant to the terms of the Purchase Agreement, GMP will also be entitled to 
receive 25 per cent of performance fees earned in connection with the assets 
acquired by Fiera for a period of three years, subject to certain exceptions 
and minimum retained assets under management conditions.

A number of funds, including the GMP Diversified Alpha Fund ("Alpha Fund") and 
the Canadian ABCP Fund ("ABCP Fund"), are being sold to Fiera and these assets 
will continue to be managed by Jason Marks, Chief Executive Officer of GMPIM, 
and certain other executives of GMPIM, who have agreed to join Fiera following 
the completion of the transaction. Commenting on the transaction, Mr. Marks 
said "We would like to thank our partners at GMP for their support in helping 
us build the business of GMPIM and we look forward to working with our new 
partners at Fiera. Our immediate priority is to ensure a smooth transition and 
we are working closely with GMP to maintain the highest standards of service 
and commitment to our clients."

Concurrently, GMPIM announced that Dan McClure has been appointed co-Chief 
Executive Officer of GMPIM with immediate effect, and will succeed Mr. Marks 
upon closing of the transaction. Mr. McClure joined GMPIM in July 2010 and 
brings extensive industry experience to his new role. The new leadership team 
will continue to manage the GMPIM Equity Opportunities Fund and the Genesis 
Fund, and expects to launch new equity-based fund offerings over the next 18 
months. "The sale of these assets represents an opportunity to strategically 
reposition GMPIM and align its mandate more closely with GMP's core equities 
business and our partners at Richardson GMP," said Dan McClure.

Commenting on the transaction, Harris Fricker, President and Chief Executive 
Officer of GMP said "We are committed to preserving the client relationships 
of the alternative investments business. Investors in the Alpha Fund and the 
ABCP Fund will continue to benefit from the same management team that has 
overseen their assets since inception."

Completion of the transaction is subject to a number of customary closing 
conditions, including regulatory approval. The transaction is expected to be 
completed in the first quarter of 2013.

ABOUT GMP CAPITAL INC.

GMP Capital Inc. ("GMP") is a leading independent diversified financial 
services firm headquartered in Toronto, Canada, providing a wide range of 
financial products and services to a client base that includes corporate 
clients, institutional investors and high-net-worth individuals in three 
integrated reporting segments. The Capital Markets segment provides investment 
banking, including advisory and underwriting services, institutional sales and 
trading and research through offices located in Toronto, Montreal, Calgary, 
New York, Miami, Dallas, London, Perth and Sydney. The Capital Markets segment 
conducts its business through the following operating entities: GMP Securities 
L.P., GMP Securities, LLC, Griffiths McBurney Corp., GMP Securities Europe LLP 
and GMP Securities Australia Pty Limited. Wealth Management consists of GMP's 
non-controlling ownership interest in Richardson GMP Limited, a full-service 
independent firm focused on providing exclusive and comprehensive wealth 
management and investment services delivered by an experienced team of 
investment professionals. The Alternative Investments segment consists of the 
investment management and alternative investment products provided by GMP 
Investment Management L.P. GMP is listed on the Toronto Stock Exchange under 
the symbol "GMP". For further information, please visit our corporate website 
at gmpcapital.com.

GMP Capital Inc.

Rocco Colella, Director, Investor Relations 145 King Street West, Suite 300, 
Toronto, Ontario M5H 1J8 Tel: (416) 941-0894; Fax: (416) 943-6175 
rcolella@gmpcapital.com orinvestorrelations@gmpcapital.com

SOURCE: GMP Capital Inc.

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CO: GMP Capital Inc.
ST: Ontario
NI: FIN 

-0- Jan/18/2013 12:30 GMT