Sun Life Investment Management is appointing Elaad Keren as senior managing director and head of mid-markets lending. In the new role, Keren is replacing Keith Cressman, who will retire in September after a 35-year career in the investment management industry. Prior to the role at Sun Life, Keren was a member of the senior management team at CWB Maxium Financial. […]
The Canada Pension Plan Investment Board is appointing Mark Evans as a director for a three-year term. Evans spent 15 years with Goldman Sachs Group Inc. until 1999, before working with various firms as an investor in the technology sector. He’s currently working with several early stage tech companies. “With his appointment and assistance, the […]
The Caisse de dépôt et placement du Québec and U.K.-based Lightsource BP are investing $260 million to finance a portfolio of solar assets owned and managed by Lightsource. The debt investment will be used to finance a portfolio composed of more than 100 solar projects across various countries, totalling more than 700 megawatts, with the potential to expand over […]
The Public Sector Pension Investment Board, alongside private equity firm Lightyear Capital, is selling Advisor Group Inc. to Reverence Capital Partners. After the transaction closes in the third quarter of 2019, both the PSP and Lightyear will continue to hold minority stakes. Since the PSP and Lightyear acquired Advisor Group from AIG Inc. in May 2016, client assets grew […]
John Bai is joining NEI Investments and Aviso Wealth Inc. as vice-president and chief investment officer. In the new role, he’ll handle the strategic direction of the firms’ investment approach and philosophy, including the asset allocation process, sub-advisor research and due diligence, according to a press release. With more than 25 years in the investment industry, Bai […]
Fiera Capital Corp. and Natixis Investment Managers are entering a long-term strategic partnership that will establish Fiera Capital as Natixis’ preferred Canadian distribution platform. Through the partnership, Natixis has acquired an 11 per cent stake in Fiera Capital. “This partnership with Natixis will further strengthen Fiera Capital’s global leadership position as we continue to execute on […]
Employers are offering more innovative ways for workers to take time off, according to a survey by the International Foundation of Employee Benefit Plans. The survey, which compiled responses from more than 600 U.S. human resources and benefits professionals and other stakeholders, found 59 per cent of organizations provide a paid vacation plan while 36 […]
The Empire Life Insurance Co. is appointing Michael Perry as senior vice-president of group solutions. In 2016, Perry joined Empire Life as vice-president of group product and marketing. Previously, he was vice-president at Collins Barrow Toronto LLP and a consultant at Ontario-based insurance company FCT. Perry also spent almost 13 years in various senior positions at […]
An outsourced chief investment officer provides external expertise that can ease the minds of plan sponsors overwhelmed by pension management decisions. While the services have traditionally been used by defined benefit plans, do they translate to defined contribution plan management? John Jenner, vice-president of finance at Electrozad: Although today’s world is geographically the same size […]
While environmental, social and governance factors are a hot topic in the investment world, hedge funds are falling behind, according to new data from Preqin. Currently, most hedge fund managers and investors don’t have an ESG policy in place. In fact, only 29 per cent of investors and 20 per cent of hedge fund managers […]