New division combines the strengths of the Cundill, Howson Tattersall
and Mackenzie institutional businesses
TORONTO, Sept. 17 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") today announced Mackenzie Global Advisors, a division formed within the organization to centralize sales and client service focus on the institutional investment marketplace.
"While Mackenzie Investments has been active in the institutional business for nearly 40 years, over the past few years our institutional assets under management have grown dramatically," said Charles R. Sims, FCA, President and CEO of Mackenzie Financial Corporation. "The acquisition of the business of Cundill Investment Research Ltd. in 2006 and of Howson Tattersall Investment Counsel Limited in 2008 added two highly respected investment teams to Mackenzie's existing institutional platform that included the investment brands of Maxxum, Universal, Ivy and Sentinel. Consolidating our sales and service for the institutional businesses through Mackenzie Global Advisors will solidify our client relationships on a single service platform and relationship model and allow clients increased flexibility and more selection of proven investment solutions", he added.
Mackenzie Global Advisors offers an extensive range of investment strategies to meet the diverse investment objectives of pension plan sponsors, foundations, trusts and other institutional investors. In addition to the Cundill and Howson Tattersall investment teams, Mackenzie Global Advisors is able to draw on the extensive capabilities of the investment management teams at Mackenzie. Each team operates with a distinct philosophy and approach; collectively they provide access to nearly every asset class, geographical area and investment style. "This depth and breadth of investment talent enables us to provide our clients with fully customized strategies. We plan to continue to expand our presence in the institutional marketplace in North America," said Sims.
Mackenzie Investments has $21.5 billion in institutional assets under management as of August 31, 2009, with offices in Toronto, Montreal and Vancouver. For more information on Mackenzie Global Advisors, visit www.mackenzieglobal.com.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $60.2 billion in assets under management as of August 31, 2009, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $114 billion in total assets under management as of August 31, 2009.
SOURCE Mackenzie Financial Corporation
For further information: For further information: Jessica Davidson, Environics Communications Inc., (416) 969-2735, email@example.com; Trish Tervit, Environics Communications Inc., (416) 969-2809, firstname.lastname@example.org