MONTREAL, Sept. 2, 2015 /CNW/ - Axium Infrastructure Inc., formerly Fiera Axium Infrastructure Inc., today announced a change in its name, along with a change in the names of its investment funds, made notably to comply with the Volcker Rule section of the U.S. Dodd-Frank Act.
The firm's investment funds will use the name of AxInfra in the United States and Axium Infrastructure in Canada.
The firm is also pleased to announce the appointment of Mr. Thierry Vandal as President of its US subsidiary, Axium Infrastructure US Inc.
Mr. Vandal was, until May 2015, the President and Chief Executive Officer of Hydro-Québec, one of North America's largest power companies. He joined Hydro-Québec in 1996 and served in various capacities until his appointment as President and CEO in 2005. He was previously active in the natural gas infrastructure sector, the petrochemical and the downstream oil industries.
Mr. Vandal is currently a member of the Board of Directors of Royal Bank of Canada (RY:TSX and NYSE), Veresen Inc. (VSN:TSX), HEC Montréal and McGill University, where he also serves as Chair of the Finance Committee.
The Axium Infrastructure team has 40 members across 4 offices located in Montreal, Toronto, Vancouver and New York. The firm manages dedicated infrastructure funds having in excess of C$1.4 billion (US$1.1 billion) in assets under management.
About Axium Infrastructure Inc.: Axium Infrastructure is an independent portfolio management firm dedicated to generating long-term investment returns through investing in core infrastructure assets. Axium Infrastructure manages dedicated infrastructure funds having in excess of C$1.4 billion (US$1.1 billion) in assets under management. Focus is placed on assets that are supported by robust market demand and under long-term contract with creditworthy counterparties. The firm benefits from the capabilities of a group of specialists with decades of experience acquiring, developing, financing, operating and managing infrastructure assets. For further information, please visit www.axiuminfra.com.
SOURCE Axium Infrastructure Inc.
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For further information: Anne-Sophie Roy, Vice President Investor Relations, Axium Infrastructure Inc., [email protected], T: +1 514-954-3781