Employee-owned firm won the Best Managed award in 2006 and becomes a
Requalified member for 2007
WINNIPEG, Feb. 12 /CNW/ - Wellington West Holdings Inc., a privately
held, employee-owned financial services firm, today announced that it has
requalified to maintain its status as a Best Managed company, according to
Canada's 50 Best Managed Companies program for 2007, sponsored by Deloitte,
CIBC Commercial Banking, National Post, and Queen's School of Business.
"We have a winning formula," said Kish Kapoor, president, Wellington West
Holdings Inc. "We work hard, we have fun and we have momentum. We have a
strong and healthy balance sheet and we continue to seek out and add top
talent in our selected markets across Canada."
"We believe that there are three vital building blocks to sustainable
growth: strategy, capability and commitment. Wellington West has demonstrated
it is a model of success in all three areas and is duly awarded one of
Canada's Best Managed," said John Hughes, Partner, Private Company Services
group with Deloitte, a national sponsor of the Best Managed program.
Earlier this year, Wellington West was ranked as No. 2 Best Employer in
the 2008 Hewitt Associates / Report on Business 50 Best Employers survey. This
is the third consecutive year the company has been awarded with the No. 1 or
No. 2 spot.
"To be accredited as one of Canada's 50 Best Managed Companies is a
remarkable achievement," said Calvin Younger, senior vice-president, CIBC
Commercial Banking. "This award is a tribute to these companies' strong
leadership, talented workforce and unsurpassed corporate values. They are
models of success for companies striving to reach the highest standards."
"We are truly honoured to be once again among this prestigious group of
leading companies," said Mr. Kapoor.
About Canada's 50 Best Managed program
Celebrating its 15th anniversary, Canada's 50 Best Managed Companies
continues to be the mark of excellence for Canadian-owned and managed
companies with revenues over $10 million. Every year since the launch of the
program in 1993, hundreds of entrepreneurial companies have competed for this
designation in a rigorous and independent process that evaluates their
management skills and practices. The awards are granted on three levels:
1) Best Managed winner (one of the 50 new winners selected each year);
2) Requalified member (repeat winners retain the Best Managed designation for
two additional years, subject to annual operational and financial review):
3) Platinum Club member (winners that maintain Best Managed status for a
minimum of six consecutive years.) Program sponsors are Deloitte, CIBC
Commercial Banking, National Post, and Queen's School of Business. For further
information, visit www.canadas50best.com.
About Wellington West
The Wellington West group of companies provides full-service brokerage,
financial planning, asset management and capital markets services. Principal
among its operations is Wellington West Capital Inc., a member of CIPF and a
full-service investment dealer with offices across Canada, and Wellington West
Capital Markets Inc., an industry leading provider of equity research,
institutional sales and trading and corporate finance for small and mid-cap
corporations. In the 13 years since its inception, the employee-owned
Wellington West has become one of the largest and fastest-growing independent
full-service investment operations in Canada with more than $9.6 billion in
assets under administration. Among its many corporate achievements, Wellington
West has earned one of the top two spots as Best Employer in Canada for the
past three years, named one of Canada's Fastest Growing Companies in 2007 and
one of Canada's 50 Best Managed Companies for 2006. In addition, Wellington
West retained its No. 1 ranking for a record fourth consecutive year in the
2007 Brokerage Report Card survey and was named No. 2 Independent Investment
Dealer in the 2006 Financial Post / Starmine Top Analyst Awards.
For further information:
For further information: Media Contacts: Janine Waschuk, (416) 899-2617
or firstname.lastname@example.org; Fabrice de Dongo, Deloitte, (416) 874-3249 or