bfinance Expands Canadian Operations - Opens Toronto Office



    TORONTO and MONTREAL, Nov. 5 /CNW Telbec/ - bfinance, an international
investment consultant specialised in investment manager search and review
headquartered in London UK, announced today the opening of its Toronto office
under the leadership of Peter Wright.
    bfinance which specializes in the search and evaluation of investment
managers for Canadian and European institutional investors opened its first
Canadian office in the fall of 2005 in Montreal. bfinance is the only
international investment manager selection and review specialist with a
bespoke, objective and comprehensive review process. In the last year,
bfinance conducted 80 searches representing assets under management of
C$18 Billion of which C$3 Billion for Canadian clients.
    Peter Wright brings to bfinance over 20 years of extensive capital
markets and investment experience, in both traditional and alternatives asset
classes. Previously, he has worked for leading investment managers and banks
such as YMG Capital, Flemings, Merrill Lynch, Bankers Trust International and
CIBC.
    "Canadian institutional investors are amongst the most sophisticated in
the world. Peter's knowledge of the needs of these institutional investors in
Ontario is a great addition to our team", said Marc Godin, bfinance's Managing
Director for Canada.
    David Vafai, Chief Executive Officer of bfinance International Ltd
indicated "bfinance is committed to becoming the leading international manager
search consultant in Canada where over 70% of manager searches by large
Canadian plan sponsors are conducted with the assistance of a consultant.
Under Marc's leadership and assisted by Pierre Caron, our senior consultant,
bfinance's unique value proposition has been well received by the Canadian
institutional investment marketplace, and interest for independent and
specialized consultants is clearly growing "
    bfinance's Canadian pension plan clients include Torstar Corporation,
Concordia University, as well as Desjardins Pension Plan. Financial
institutions, such as National Bank Trust, as well as one of Canada's largest
private foundations are also amongst bfinance's initial clients. Some of these
clients awarded bfinance multiple or repeat mandates.

    About bfinance

    bfinance is an international consultant specializing in investment
manager searches. We count as clients some of Europe's largest and most
sophisticated institutional investors, as well as a growing number of Canadian
institutional clients. We serve them with our global reach from our offices in
London, Montreal, Munich, Paris and Toronto. With its tender platform
(developed with Accenture) and its 40 professionals, bfinance has managed over
C$70 billion (50 Billion euros) in over 270 manager search mandates since
inception in 1999. Our key differentiators to traditional consultants are our
independence and objectivity, the exhaustiveness and the tailor-made aspects
of our searches, the rigour and freshness of our data, and the
transparency/audit trail of our selection process, all of which are important
factors for the officers and trustees of our sponsor clients. bfinance was
selected "Consultant of the Year" for the "2006 Global Money Management (GMM)
Awards for Excellence", and ranked third in 2005 in terms of volumes of
searches conducted for institutional investors globally ex-USA (source: GMM,
an Institutional Investor publication, and iisearches from Institutional
Investors).




For further information:

For further information: Marc Godin, MBA, CFA, Managing Director, (514)
393-4899, mgodin@bfinance.com; Mark Boutet, (514) 843-2385,
mboutet@national.ca

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BFINANCE

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