Canada’s first majority Indigenous-owned investment dealer, created to foster meaningful Indigenous participation in capital markets. This innovative venture is the result of a collaboration between Scotiabank, Des Nedhe Financial LP, Nch’kay’ Development Limited Partnership and the Chippewas of Rama First Nation. Cedar Leaf Capital is poised to serve as a unique bridge, helping corporate Canada engage with Indigenous-led financial solutions while advancing economic reconciliation in tangible ways.
A Strategic Partnership with Indigenous Ownership
Cedar Leaf Capital was established under a groundbreaking agreement, with 70% of the firm’s equity held by its three Indigenous shareholders, each holding approximately 23.3%. Initially, Scotiabank retains a controlling interest and provides infrastructure support to ensure a strong operational foundation. Over time, as Cedar Leaf Capital reaches its full potential, Scotiabank will reduce its ownership stake, transferring complete ownership and control to its Indigenous partners, subject to regulatory approvals.
This model not only guarantees Indigenous ownership but also opens doors for corporations looking to form strong partnerships with Indigenous-led organizations.
Empowering Indigenous Finance with Leadership and Expertise
At the forefront of Cedar Leaf Capital is Clint Davis, a seasoned financial leader and Inuk from Labrador with over 20 years of experience. As CEO, Clint guides the firm with his deep understanding of both the financial sector and the unique needs of Indigenous Communities. His leadership is central to Cedar Leaf Capital’s vision of fostering relationships built on trust, respect, and mutual success.
Financial Services with a Focus on Partnership
Cedar Leaf Capital’s mission goes beyond providing financial services. As Canada’s first Indigenous-owned investment dealer, it will specialize in acting as an underwriter and placement agent for Canadian fixed-income securities offerings. In doing so, it offers a unique value proposition to corporate clients: the ability to engage with an Indigenous-led financial institution that brings deep cultural knowledge and market expertise.
By offering tailored financial advice and expert services, Cedar Leaf Capital provides clients with opportunities that align with a growing focus on economic, social, and governance (ESG) criteria. Through its services, the firm enables corporate clients to meet their ESG commitments, while also supporting broader reconciliation efforts.
