Our Research coverage represents almost 25% of the S&P TSX Composite Index. Coverage includes Canadian banks, life insurance companies, mutual fund companies, investment counsellors ...MORE
About Catalyst Equity Research
Catalyst was founded in 2003 and is located in Toronto. Catalyst is the only major independent equity research company in Canada specializing exclusively in the ﬁnancial services sector. Its product is designed to identify investment opportunities, risks and strategic alternatives for both investors and corporations.
Catalyst has expertise in the Canadian ﬁnancial services sector exceeding 30 years. This expertise is founded in both ﬁnancial analysis and investment banking. Industry expertise includes chartered banks, trust companies, insurance companies, mutual fund companies and investment counselors.
Our Principles and Approach
Catalyst was founded on the principles of providing unbiased independent investment opinions based on sound fundamental analysis. Our research product is a critical and often a controversial, proactive approach to equity analysis. We believe that change is a critical aspect of the investment process and that many companies ﬁnd themselves in corporate structures that severely undermine shareholder value. We seek to improve investment performance by better anticipating change and advocating how change can surface shareholder value. Our Independence
Our independence is based on the position that we do not underwrite public companies, and we do not broker trades or make markets in the shares of any public companies.
About the Analyst
Robin Cornwell is the founder and principal shareholder of Catalyst. He is a veteran of the world of analyzing ﬁnancial service companies in Canada having been involved in both the research and corporate ﬁnance aspects of the investment business for almost 30 years.
As a ﬁnancial service analyst, he has researched chartered banks, trust companies, mutual fund companies, life insurance companies and investment counselors in Canada. He has acted in the capacity of Director of Research on three occasions and Director of Capital Markets on two occasions.
In his corporate ﬁnance activities, he was instrumental in many IPO’s including Great-West Lifeco, London Life and Newcourt Credit and acted in various advisory capacities for major companies including Power Financial, AGF Management and HSBC Canada.
He began his career with Dominion Securities, Harris & Partners Limited in 1972 and has held senior positions with McCarthy Securities Limited, Gordon Capital Corporation, C.M.Oliver Inc., and Laurentian Bank Securities Inc.House of Commons A
House of Commons Appointments
On two occasions Robin Cornwell was appointed as Chief Advisor to the Government of Canada, House of Commons, Standing Committee of Finance, Trade and Economic Affairs.
Inquiry into “Bank Proﬁts”
Recommendations focused on the loan loss accounting and reporting practices of the Canadian chartered banks and were subsequently incorporated into the Bank Act.
Inquiry into the “Status of Foreign Banks in Canada”. Recommendations focused on increasing the powers and status of the foreign banks in Canada.
Education and Other Qualiﬁcations
B.A., Honours Business and Economics, Schulich School of Business, York University
Masters Business Administration, Schulich School of Business,York University
Partners, Directors and Ofﬁcers Designation
Branch Managers Designation