Bloomberg News

GMP Co-Founder Brad Griffiths Missing in Ontario Lake Incident

July 19, 2011

July 19 (Bloomberg) -- GMP Capital Inc. co-founder Brad Griffiths has been missing since yesterday after last being seen at Ontario’s Lake Joseph north of Toronto, police said.

Griffiths, 55, was seen in the water in distress at about 12:43 p.m. on July 18, the West Parry Sound Ontario Provincial Police said in an e-mailed statement. A motorboat was also seen in the area, about 200 kilometers (124 miles) north of Toronto, moving without an operator.

Several people in boats searched the area without success for the Toronto man, who wasn’t believed to be wearing a lifejacket, police said.

A search of the waters and shoreline was unsuccessful, and police have brought in a private diving company to search the lake, which is about 292 feet (89 meters) deep in the spot where Griffiths was last seen.

Griffiths and Eugene McBurney founded the predecessor company Griffiths McBurney & Partners in 1995, according to the company’s website. The brokerage offered shares to the public in December 2003.

Griffiths left the firm in 2000, according to the Globe and Mail newspaper. He also worked for Canadian Imperial Bank of Commerce and Canaccord Financial Inc., the newspaper said.

--Editors: Steven Frank, John Lear.

To contact the reporters on this story: Doug Alexander in Toronto at; Sean B. Pasternak in Toronto at

To contact the editors responsible for this story: David Scanlan at; David Scheer at

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