April 13, 2023 - CHICAGO, IL - Marathon Capital, LLC (“Marathon Capital”), a leading financial advisory and investment banking firm to the clean and sustainable energy sectors, today announced that Iain Watson has joined the firm as Country Manager of its Canadian operations. Mr. Watson was most recently the Head of Power & Utilities at National Bank Financial and brings 20+ years of advisory experience to Marathon Capital, including sector specific expertise across the infrastructure and clean energy sectors.

Based in Calgary, Mr. Watson will lead Marathon Capital’s growth within one of the most important clean energy markets in the world. His on the ground presence will extend the firm’s leading independent strategic advisory services to this growing market. Marathon Capital has advised on several notable transactions within Canada, while serving a global base of institutions and corporations navigating sustainable global energy, infrastructure, and technology markets.

“Canada has made substantial progress towards the clean energy transformation and is a robust market we’ve been well-acquainted with having grown our presence across North America, Europe and Asia,” said Ted Brandt, Chief Executive Officer of Marathon Capital. “We look forward to tapping into Iain’s deep expertise within the Canadian market and reestablishing ourselves among the country’s diverse industry participants as we continue expanding our footprint across key global markets.”

At National Bank Financial, Mr. Watson was responsible for primary account coverage and mandate origination with clients in the power, utilities, and clean technology industries, including global financial sponsors. Mr. Watson has advised clients on a variety of notable transactions across the broader clean energy sector, and also led financing initiatives for established issuers in the energy and infrastructure sectors. Prior to joining National Bank Financial, Mr. Watson held roles at Canaccord and RBC Capital Markets in Calgary, and SG Barr Devlin in New York City.

Mr. Watson added, “Marathon Capital has a well-established reputation globally as a leading advisor and I look forward to expanding their presence within the Canadian market as the transition towards clean energy continues to accelerate.”