The Pennsylvania-based investment management company, Vanguard, has opened a Canadian arm—Vanguard Investments Canada Inc.
“Extending our reach to the Canadian market in a significant way is an important step in the development of our global business,” said Vanguard chair and CEO William McNabb. “Although Canada has a very well-developed asset management market, we believe our unique value proposition of low-costs, client alignment, and enduring investment solutions will resonate with Canadian investors.”
The Canadian operation, based in Toronto will be lead by former BMO Financial Group executive and Harris Insight Funds president and CEO Atul Tiwari.
Vanguard’s product line-up will be announced once it has submitted a preliminary prospectus to the Canadian Securities Regulators in compliance with applicable laws.