CI Financial Corp.
On July 2, Cambridge Global Asset Management, a division of CI Investments Inc., announced that Stephen Groff, CFA, had been appointed co-manager for two Cambridge institutional strategies effective June 30. He is joining Portfolio Manager Robert Swanson, CFA, in managing the CI Cambridge All Canadian Equity Fund and CI Cambridge Canadian Institutional Equity Fund.
On August 6, the Board of Directors of CI Financial Corp. also announced the appointment of Kurt MacAlpine as Chief Executive Officer and Director of the corporation, effective September 1, 2019. Mr. MacAlpine has valuable experience and insight into the North American and global wealth and asset management sectors, having served as Executive Vice-President and Head of Global Distribution for WisdomTree Asset Management and as Leader of the North American Asset Management Practice at McKinsey & Company.
On July 4, Addenda Capital informed us that Elvira Dubé, Senior Vice-President, Commercial Mortgages, would be retiring at the beginning of the second quarter of 2020, after which she will no longer participate in the day-to-day management of the strategy. Upon her retirement, she will become an independent external member of the Addenda Capital Credit Committee. The Commercial Mortgage team will continue to operate under the supervision of Savvas Pallaris, Executive Vice-President, Commercial Mortgages and Investments, Life Insurance.
During the firm update at the end of the second quarter, Addenda also announced that two analysts, Zac Reitmeier and Kira Hall, had joined the commercial mortgage team.
Fiera Capital Corporation
On July 4, Fiera Properties Limited, an affiliate of Fiera Capital Corporation, rebranded to Fiera Real Estate Investments Limited, as this term is universally understood and illustrates what they offer as a company.
On August 12, Fiera Capital announced the appointment of Michael Quigley to the position of Executive Vice-President and Head of Institutional Markets.
On July 10, Beutel Goodman announced that his team is growing and had added three new members: Charlotte Daughney, Vice President, Equity Trading; and Neil McCabe and Christopher Mudie, as part of the fixed income team. Neil McCabe assumed the position of Assistant Vice President, Fixed Income, while Chris Mudie joined the team as a credit analyst.
On July 25, Franklin Bisset informed us that Ralph Lindenblatt, Senior Vice-President and portfolio manager, would be retiring on December 31, 2019. Mike Richmond, Research Analyst, was promoted to Vice-President and portfolio manager, effective September 1, joining the fund teams on which Mr. Lindenblatt is currently listed.
On August 7, DGIA announced the appointment of Pasquale Posteraro to Portfolio Manager for the Canadian Equity team overseen by Tommy Nguyen.
On August 8, Invesco informed us that Paul Michaels, Head of North American Direct Real Estate, would be retiring in April 2020 after 36 years at Invesco Real Estate. Bert Crouch is taking over that role and is working alongside Paul on the transition. Bill Grubbs will move into the role of CIO of North America as the first step in that process.
On August 13, QV announced the appointment of Andy Mark to Chief Financial Officer (CFO) of QV Investors, effective immediately. Andy joined QV Investors in July of 2017 and has been an integral asset to the firm in his role of Chief Compliance Officer (CCO) & Controller. Andy will continue to serve as the CCO of QV Investors.