Gluskin Sheff + Associates Inc. has completed its acquisition of Blair Franklin Asset Management Holdings.
“We are delighted to welcome the Blair Franklin team into the Gluskin Sheff family,” says Jeremy Freedman, president and CEO of Gluskin Sheff. “Blair Franklin has a remarkable track record, and we are confident that combining their unique talents, experience and processes in fixed income investing with our own will be of great benefit to the clients of both firms.”
Peter Zaltz, Blair Franklin’s managing director and chief investment officer, will take on the role of executive vice-president and head of fixed income and will be appointed to Gluskin Sheff’s management committee, and Thomas C. MacMillan, chair of Blair Franklin, will be appointed to the company’s board of directors.
Founded in 2003, Blair Franklin is one of Canada’s leading boutique asset management firms specializing in fixed income with approximately $635 million in assets under management.
The transaction is expected to be accretive to Gluskin Sheff’s earnings in the first year, excluding amortization and any non-recurring items arising from the transaction.
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