"We are excited about Cidel's investment in Toron," said Arthur Heinmaa, President of Toron. "We are impressed with Cidel's leadership and their global network of high net worth and institutional clients."
Under the terms of the transaction, both firms will continue to operate as independent entities and will retain full autonomy over their respective investment strategies. "This transaction allows us to benefit from each others strengths," remarked
Cidel is a subsidiary of Cidel Bank & Trust Inc., a global financial services firm with offices in
Toron is dedicated to growing and safeguarding clients' capital. Focusing on personal wealth management and has an excellent long term global equity track record providing custom equity and fixed income portfolios to its high net worth and institutional clients. Toron has offices in
For further information: Craig Rimer, President & Chief Investment Officer, Cidel Financial Group, (416) 928-4125 or [email protected]; and Arthur Heinmaa, President, Toron Capital Markets Inc., (416) 977-6767 or [email protected]
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