EDMONTON, May 17, 2019 /CNW/ - ATB Investment Management Inc. ("ATBIM") announced today that, effective May 15, 2019, QV Investors Inc. ("QV Investors") ceased to act as sub-advisor to ATBIM for the ATBIS U.S. Equity Pool and ATBIS International Equity Pool (the "ATBIS Pools") as well as for the foreign equity portion of Compass Conservative Portfolio, Compass Conservative Balanced Portfolio, Compass Balanced Portfolio, Compass Balanced Growth Portfolio, Compass Growth Portfolio and Compass Maximum Growth Portfolio (the "Compass Portfolios"). Mawer Investment Management Ltd. ("Mawer") continues as sub-advisor to ATBIM in respect of the foreign equity component of the Compass Portfolios and will have an increase in allocation of some or all of the foreign equity assets previously managed by QV Investors. Mawer will also be appointed as sub-advisor to ATBIM for the ATBIS Pools. ATBIM continues to act as portfolio advisor to the Funds and will continue to retain the services of QV Investors to act as sub-advisor in respect of the active Canadian equity portfolio assets of the Compass Portfolios.
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About ATB Investment Management Inc.
ATB Investment Management Inc. manages the ATBIS Pools and Compass Portfolios and is the asset management division for ATB Wealth. For more information, please visit atb.com and compassportfolios.com. ATB Wealth consists of a range of financial services provided by ATB Financial and certain of its subsidiaries. ATB Investment Management Inc., ATB Securities Inc., and ATB Insurance Advisors Inc. are individually licensed users of the registered trade name ATB Wealth. ATB Securities Inc. is a member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.
About ATB Financial
With $54.9 billion in assets, ATB Financial is an Alberta-built financial institution. But don't let that fool you—we're so much more than a bank. We got started in 1938 to help Albertans through tough economic times, and today we have 176 branches, 143 agencies, a Client Care Centre, four entrepreneur centres, and mobile and online banking. And did you know we're fast becoming the digital bank and the bank for entrepreneurs? We're already the place to work for our more than 5,500 team members who love to serve 760,000-plus customers in 247 Alberta communities. To find out more, visit us at atb.com.
SOURCE ATB Financial