About
Our mission is twofold: We look to generate superior risk-adjusted returns through in-house research and by leveraging our global network while also providing research exposure to certain lesser-known companies who do not have the benefit of institutional coverage or advisory.
HoldCo Markets Advisory Inc. (HoldCo Markets) is a specialized investment management firm focusing on the junior/ mid-cap metals & mining sector. Being a private family office, we are active investors, advisors and market participants in the sector.
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Whether near production or post-discovery, we find that the best opportunities are in the commodities benefiting from specific secular tailwinds which we see as having an increasing long-term impact on society. Some of these themes include decarbonization, energy transition and an ever changing geo-political and rate backdrop. Our unconstrained approach has us active across the entire corporate lifespan of a mining company ranging from exploration, and project financing to construction and production. ​
Senior Leadership:
Michael Wichterle
MBA, CAIA – Partner, Director
Having worked in mining equity research and institutional equity sales at Cantor Fitzgerald and National Bank Financial, Michael is nearing two decades of experience covering the mining sector. He has spent significant time with postings in both Switzerland and North America and as such has cultivated strong trans-Atlantic relationships with investors and corporates alike. Michael’s research expertise encompasses both precious and base metals, ranging from explorecos to more established developers and producers.
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Before this, Michael spent extensive time in Central & Eastern Europe (CEE) working in equity research covering diversified industries for a CEE focused investment bank, Wood & Company.
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Michael has an MBA from the University of Geneva (HEC), a finance degree from the John Molson School of Business (Concordia University), an accounting degree and is a CAIA charterholder.
Jeremy Mersereau
P.Eng, MBA, CFA - Partner
With nearly a decade of experience as a private investor/advisor, Jeremy specializes in investment/merchant banking for both private and public entities, with a focus notably on junior and mid-cap mining companies.
Jeremy previously spent nearly a decade in equity research at National Bank Financial in Toronto. He excelled in writing initiation and ongoing research pieces in the cleantech, energy transition and diversified sectors. His work has contributed to idea generation, financings, and client marketing strategies with an end result being increased institutional awareness and liquidity for the many companies under his coverage.
Earlier in his career, Jeremy held multiple positions at Enbridge Gas Distribution, including Program Manager in the Energy Technology Sector. In this role, he played a pivotal part in incubating new technologies focused on energy efficiency and the transition to natural gas in various sectors.
Jeremy is a professional engineer (P.Eng.) in the province of Ontario. He earned his mechanical engineering degree at Dalhousie University in Halifax, NS. He subsequently earned his MBA from the University of Toronto as well as a CFA designation.
Advisory Board:
Heinz Isler
Advisory Board Member
With multiple decades of capital markets experience, Heinz has held positions spanning both sides of the Atlantic ranging from Geneva, Zurich and Frankfurt to Montreal and Winnipeg. A specialist in the mining & energy sectors, Heinz started his career at Swiss Bank Corporation (UBS) and has held leadership positions in charge of equity sales/trading desks covering continental Europe largely from Switzerland for Richardson Greenshields (for twenty-three years until acquisition by RBC), followed by nine years each at Scotia Capital and National Bank Financial. Heinz is based in Geneva.
Alain Depuydt
Advisory Board Member
Alain is the co-founder of Vierny Partners SA, a Swiss based independent asset manager providing in-house discretionary portfolio management for HNWI and UHNWI. Given broad discretion over his various investment mandates, Alain has an established track record of allocating into physical commodities and equities of mining companies (at all stages of the mining lifecycle) alike. An engineer by trade, Alain has previously worked in Belgium and eastern Europe. Following the completion of an MBA from IMD Lausanne, Alain embarked on a career in private banking, highlighted by numerous years at Credit Suisse (Geneva). Alain is based in Geneva.
