Willis Towers Watson is acquiring Canadian investment manager Integra Capital Ltd. Following the acquisition, Integra will function as a wholly-owned subsidiary of Willis Towers Watson and will have responsibility over the firm’s Canadian delegated investment business. “We’re very excited to acquire Integra, especially given our successful partnership with them over the past three years,” said Kemp Ross, […]
Mercer is acquiring the investment consulting, alternatives consulting and wealth management operations of Pavilion Financial Corp. Pavilion, a global investment services firm with about 300 employees, is headquartered in Winnipeg with offices across North America, in London, England and in Singapore. “In only a few years, we have assembled one of the industry’s top consulting […]
Conduent Inc. has completed the sale of its human resources consulting business to a fund managed by private equity investment firm H.I.G. Capital. The business, which was formerly known as Buck Consultants, has relaunched under that name. It will offer global integrated HR consulting, benefits administration and technology services. The deal, as reported in May 2018, included the […]
The job of a pension consultant has evolved considerably over Bita Jenab’s 30-year career in the field. The mid-1990s saw a greater focus on governance and the arrival of the investment consultant, while the 2000s featured a mass move to defined contribution plans and significant changes to pension legislation. Through all of that, plan sponsors […]
Quebec-based insurance broker Lussier Dale Parizeau Inc. is acquiring employee benefits advisor Trinome Conseils. Following the acquisition, Lussier Dale Parizeau will have nearly 800 employees located in 28 branch offices and serving more than 155,000 employer clients. Trinome Conseils provides group insurance, pension, human resources and occupational health and safety services for employers. Read: Hub International […]
Hub International Ltd. is acquiring Ontario-based Benefit Broker Services Inc. Benefit Broker Services, which is located in Wallaceburg, Ont., is a provider of services related to employee benefits and pension plans. The terms of the acquisition weren’t disclosed. Scott Ewing, the firm’s president, and Stacey Ewing, its co-founder and owner, will join Hub Ontario, reporting […]
SSQ Life Insurance Co. Inc. is partnering with Allianz Global Benefits to grow its group insurance business across Canada. “This type of collaboration is a first for SSQ Insurance,” said Geneviève Fortier, senior vice-president of distribution at SSQ Insurance, in a news release. “By adding the expertise and global reach of Allianz Global Benefits to our service […]
TD Bank Group is acquiring Greystone Capital Management Inc., the parent company of Greystone Managed Investments Inc., for $792 million. The agreement, which is subject to regulatory approval, comprises $730 million of enterprise value, about $105 million of seed capital and other net adjustments. Greystone Capital Management’s shareholders will receive 30 per cent of the net […]
Morneau Shepell Inc. is acquiring employee assistance program and wellness provider LifeWorks Corp. Ltd. for about $426 million. “This acquisition is aligned with Morneau Shepell’s global growth strategy as well as our focus on technology innovations to create added value for our clients and their employees,” said Stephen Liptrap, president and chief executive officer of Morneau Shepell, […]
Hub International Ltd. is acquiring two more Canadian companies as it rolls out its strategy for expanding its employee benefits and pension business in Canada. “We decided a few years ago that one of the key strategic initiatives for the entire company was to build a market-leading employee benefits and pension organization in Canada to complement […]