Clarus Co-Founder Christodoulis to Replace Campbell as CEO

Clarus Securities Inc. said Jim Christodoulis will replace Rod Campbell as president and chief executive officer of the Toronto-based investment bank.

Christodoulis, 39, co-founded Clarus, which provides investment banking for mining, oil-and-gas and so-called special situations companies, in 2003, the company said yesterday in a memo.

Clarus is “a research-driven shop, picking good ideas from those three silos,” Christodoulis said today in a telephone interview.

About half of Clarus’s investment-banking business comes from the mining sector, participating in recent financing of firms including Perseus Mining Ltd. (PRU) and PMI Gold Corp. (PMV) The company is expanding its non-resource business in sectors such as technology.

“We’re seeing a number of great technology names, a number of great industrial names,” Christodoulis said. “These are stories that have been forgotten, at least from a Bay Street standpoint or a broker standpoint.”

In the last month, Clarus hired former Canadian technology analyst Mark Pavan as a managing director of corporate finance in technology and other industries. The company also hired gold analyst Ron Stewart from Dundee Capital Markets Inc. as its managing director of corporate finance for gold companies.

Oracle Mining Corp. (OMN) said yesterday Campbell joined the Vancouver-based company as its president. He’ll be responsible for evaluating strategic opportunities and coordinating capital- market activities.

To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; David Scheer at dscheer@bloomberg.net

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